The End Of Easy Everything

Oil has often been referred to as any economy’s lifeblood. Although this is an overemphasis, oil has been the key, nonhuman resource of the economy throughout the largest part of the 20th century. In the book “The Prize: The Epic Quest for Oil, Money, And Power” by Daniel Yergin, the author illustrates the political, societal, economic, and geo-strategic importance of this product.

Thesis: Today I will discuss a very important issue that is happening in our own backyard. Hydraulic Fracturing, also known as “Fracking”, is contaminating our drinking water, all in the name of “Energy Reform”.

Oil suppliers dig deep down to the roots to analyze and derive concrete solutions to carry on the rising market. The force of fracking in the United States is lifting the economy; the system has been a political game changer for the nation, creating job opportunities and investing money into the community. The United States is currently capable of competing with the global marketplaces at a high rate. This coordination leads to knowledge for on-shoring manufacturing, which eliminates the dependency on foreign oil. This significant groundwork is driving opportunities for innovators. The abundant supply of oil and the inexpensive cost leads to cheaper energy for consumers (Dews, 2015). Along with the low price for refineries,

Klare argues that discovery of a natural resource, for instance, oil, result to producers seeking and exploiting the most desirable, best quality and those closest to markets. Over time, these resources become scarce, of poorer quality, harder to extract and extend into the further away area from the market hence need for discovery of other means of obtaining the resource. These means may cause several problems, which may include;

If John D. Rockefeller, one of the first oil tycoons, were to look at the oil industry today, would he believe his eyes? With millions of oil barrels being imported and exported each year, the oil industry has changed dramatically since the 19th century. At the forefront of the oil industry is the emergence of an oil drilling technique known as fracking. Fracking is an unconventional drilling process that is accomplished by using high-pressured water to release oil and natural gas from rock formations, known as shales. The use of fracking in the United States has made it one of the top oil producing countries in the world. However, this newfound oil and gas drilling method has not come without its costs. Despite the economic boom near drilling locations, politically, fracking has caused some international relationships to be strained. Also, fracking is seen as highly controversial by conservationists because of the environmental threats that it poses. The drilling method of fracking has deeply impacted the United States from an economic, a political, and an environmental standpoint.

This week’s discussion was to be on “environmental and economic issues” which we’re facing in our home countries, I decided to do mine on fracking. I’m sure most of us in the US have heard about fracking. There are pros and cons to it, the pro side is that it taps into the natural gas within the earth and provides a natural resource. This, in turn, will allow the US to reduce their reliance on foreign oil. The con side is what it is said to be doing to the earth. The technology isn’t new and neither is the knowledge that there is natural gas and oil below the earth’s surface. However, there’s growing concern from environmental groups concerned with how much harm is being done by pumping water and chemicals into the earth. I’ll only give a few examples of each, considering how many there are. The whole debate has many people are asking “is it worth the risk?”

In his book The Boom, Russell Gold discusses the history of fracking from its origins through its development into modern times. As an accredited Senior Energy Reporter for the Wall Street Journal, Gold has a very unique relationship with the subject; one that makes him privy to the benefits and consequences of fracking from both a personal and employment-based perspective. Gold is able to contextualize the topics he discusses, including more technical aspects of fracking, and move between his vastly different perspectives with such fluidity that it remains relatable, no matter the background of the reader.

In 2015, the world will face a vast amount of dilemmas; these dilemmas range from how someone is going to get their food to how they are going to cook. But the biggest dilemma of them all, is how they are going to continue to get energy to do everyday tasks. The most efficient resources are those of the nonrenewable variety. These nonrenewable resources include fossil fuels, such as coal, natural gas, and petroleum. Someday these resources will run out and will not be replenished for thousands of years. As of now, an overwhelming majority of the energy used in the world today is non-renewable. We, as civilized people, are so dependent on fossil fuels that we go through extraneous efforts to retrieve these properties. The world needs energy to function and sites that once contained vital resources are on the verge of depletion. It is inevitable that the world looks elsewhere for another resource to absorb the depleting reservoirs. One reservoir capable of withstanding the demand for oil are the tar sands located near Alberta, Canada. These tar sands are the third largest reservoir of crude oil in the world and are conveniently located just north of the United States border (About the Project). There is a wide spread debate on whether or not the crude oil produced from these tar sands should be transported via pipeline. With critical analysis of all point of views, it is without a doubt that the United States should cease their delay on

Protagonists concur that the process of fracking is commonly short-lived, and after it is completed, oil and gas production have the ability to last up to 40 years. Once the process is completed, the site on which hydraulic fracturing is conducted on is restored and refurbished to its former state, and its environmental advantages, such as lowering greenhouse gas emissions and condensing air, persist for decades (“What Is Shale Gas?” 2). Shale gas, which is a natural gas extracted from shale, is obtained through fracking as well (“What Is Shale Gas?” 1). The EIA reports that over 750 trillion cubic feet of technically recoverable shale gas and 24 billion barrels of technically recoverable shale oil resources in discovered shale plays (“What Is Shale Gas?” 1). The key to developing these key resources, which fuel our economy and provide employment opportunity, is through fracking. When skeptical citizens and authority express concern over fracking, protagonists assure their challengers that fracking will always be done responsibly, and they will continue to develop

The global crisis surrounding energy needs grows in severity as time goes by and in order to solve it, scientists have created the innovative solution known as hydraulic fracturing (Source 5). Hydraulic fracturing, commonly referred to as “fracking,” is a process that injects water, chemicals, sand, and other materials into layers of shale. The injected mixture cracks the layers of shale, releasing trapped natural gasses that can be collected (Source 1). Fracking occurs deep under the surface of the earth, miles below the groundwater that is accessed from drinking-water wells. In the mid-2000s, “fuel prices were rising rapidly” (Source 5). Hydraulic fracturing was a cheap solution that not only brought the world out of a state of emergency but made oil prices drop. The new method of gas collection grew the oil and gas industry, benefiting people all around the world. Fracking is a cheap, effective solution to global needs, but is under attack from skeptics who worry about environmental hazards. The claims against fracking not only have no real evidence but also risk destroying the jobs in the oil and gas industry as well as support for energy needs. Hydraulic fracturing is not only a cheap but a safe method that supports global needs surrounding both energy and jobs.

The world’s energy consumption continues to increase and oil satisfies about a third of this requirement. Alberta oil sands is the 3rd largest known reserve behind Venezuela and Saudi Arabia, first and second respectively. With growing global demands and that of our neighbour, America, who imports 37% of their consumption from Canadian oil, the oil sands is the logical next-step in economic development. Developing the Alberta oil deposits has its inherent risks including both environmental and the wellbeing of land creatures including humans, but it’s not the first time humankind traded the environment and wellbeing for development. Nuclear power have shown to be devastating yet we still need it because current technology in clean energy is

At some point in everyone’s lives, we are affected by the rising gas prices in today’s economy. Natural gas is not a renewable resource, since there is a fixed amount of it trapped in the Earth. However, many people carry the misconception that there is a very limited amount of natural gas, and that we may use all of it up. This isn’t true. The gas shortages of the 1970's were prompted by the government’s lack of faith in the industry’s ability to discover and develop new reserves, not by lack of gas supply. The unfortunate impression left by the shortages of gas in the 1970's caused the people to believe that there was a small amount of gas left. On the contrary, the gas resource base is vast, and probably even

Mr. Anderson’s chapter concludes with the following “price admits American imports of crude are high but sees no feasible alternative. The demand for energy in America is simply great and oil is simply to important for the

In conditions when both technologies and our needs require more and more energy, it is impossible to count only on natural resources and to think that their reserves are unlimited. This is not true. We have learned to receive electricity from irreplaceable resources – oil, gas, also from replenished - water, wind, sun. But the energy of the sun or wind is not enough for today’s rythm of our civilization. And hydroelectric and thermal power plants are not as clean and economical for the modern rhythm

This critical review will consider the claim by Bjorn Lomborg, that “energy and other natural resources have become more abundant, not less so” and offer evidence that supports his claim (Lomborg, 2001). It is important to make the distinction that Lomborg does not claim that reserves of natural resources have been increasing, he is merely stating that the overall global availability of energy and other resources have become more abundant.