The Future Of Natural Gas And Crude Oil

Oil and natural gas companies have developed a way to drill for natural gas, a process called hydraulic fracturing, also known as fracking. Natural gas is a flammable gas mixture consisting of methane and several other hydrocarbons that occur naturally underground. Natural gas is used as fuel for heating, cooking, and even in some automobiles like the “RideOn” buses. This technique has only recently become economically feasible with the rising prices of fossil fuels, and there is much potential for recovering natural gas through fracking. However, fracking has many waste products and unusual side effects caused by the unnatural forces and materials used. Fracking has a detrimental effect on the surrounding environment through

In today's global economy, energy is one of the most crucial and sought after commodities. Who supplies it and how much they supply determines how much influence they have over other countries as well as the global economy. This is why hydraulic fracturing is currently such an important and controversial topic in the United States. Hydraulic fracturing, more commonly known as "fracking" or hydrofracturing, is the process of using pressurized liquids to fracture rocks and release hydrocarbons such as shale gas, which burns more efficiently than coal. This booming process of energy production provides a much needed economic boost, creating jobs and providing gas energy for Americans. The efficiently burning shale gas reduces carbon

for approximately 20 years.7 Once hydraulic fracturing was commercialized, independent gas companies quickly pursued the opportunity. Today, nine companies compete for shale gas production in the U.S., and the major oil companies have moved more slowly since the smaller firms were the originators of fracking technologies.8 Hydraulically fracked wells in the U.S. today total over 500,000 and continue to grow rapidly.9 Another key factor which allowed rapid shale gas development is that U.S. law provides that landowners also own the natural minerals under their property, which enabled shale gas developers to lease land for drilling directly from homeowners (in most other countries, the government owns minerals found under properties). Future success with clean energy will require collaboration between the U.S. Government and industry, and our leaders must commit to advancing this agenda in parallel with the continued development of U.S. shale resources.

Natural gas is a fossil fuel that plays a critical role in the demand and supply of energy in the United States. It is considered to be a clean burning transition fuel. Compared to coal and oil, natural gas combustion does not generate as much pollution and is therefore considered an ideal partner for renewable energy resources. Natural gas is extracted from shale formations underground that require horizontal drilling and hydraulic fracturing – “hydrofracking” or “fracking”. This drilling and extraction method is currently considered a global widespread issue due to the rapid increase in the amount of new gas wells that threatens the quality of water around the source (Entriken, Evans-White, Johnson & Hagenbuch, 2011).

The American energy revolution, otherwise known as The "Shale Gas Revolution," is described as being the big change in the ways in which we get our oil. In other words, it is a way of making the longevity of the oil we use as energy last just a little bit longer. The conventional oil we extract from the ground is rapidly running out, fracking, or hydraulic fracturing, is another way to get more oil out of the ground from less. Much of the oil we have left on Earth is trapped in shale rocks beneath the surface, not easily retrieved. These rocks are impermeable making it difficult to get to the oil enclosed inside. By the use of fracking, which opens up these rocks in order to let the natural gas and crude oil inside flow out, we increase the time in which we have oil left in the Earth, to use this valuable fossil fuel. According to Gold, in 2008 it was a small energy firm located in Canada that was first to administer a report entitled "The Shale Gas Revolution," which took to its supporters and is now used commonly. Gold believes in the revolution because he recognizes that the old ways of extracting the oil are crumbling, coal is no longer the major source of energy for making electricity, and a big change is occurring (Gold, 2014).

The implementation of fracking has had a dramatic economic impact on the United States. The use of fracking in the last decade has increased the production of natural gas from shale formations by 10 times. (Issues) This has resulted in the United States moving more toward natural gas and away from coal to fulfill its energy power needs. In fact, one of the largest production growth areas of

Natural gas is the transitional fuel that is cleaner than coal and oil that has been experiencing a boom in the United States for the last few decades. Natural gas is most familiar to us in the form of heating and cooking on gas ranges. It is abundantly available and modern technology has made it much more accessible and cheaper than other energy sources. Hydraulic fracturing, known short as fracking, is the combination of technology with water and chemicals, and high pressure, that breaks through shale rocks to capture energy. The Climate One podcast titled “ Fracking Boom,”explains America’s recent obsession with fracking, surrounding its history, economic stimulus, construction, and community opposition among other issues. Presenting the talk were Russell Gold, author of The Boom: How Fracking Ignited American Energy Revolution and Changed the World, Mark Zoback, professor of Geophysics at Stanford University, and Trevor Houser, co-author of Fueling Up: The Economic Implications of America’s Oil and Gas Boom. The three guest speakers shared their expertise on how the fracking boom can power America’s economy, but can only be successful if the process in making the wells for fracking, are done along guidelines within the regulations.

Hydraulic fracturing began in 1947 and still happening until now. People have used fracking to produce more than one million oil and natural gas wells since 1947. Currently "fracking accounts for 50% of locally produced natural gas and 33% of local petroleum” (Engelder 274). It proved that fracking is valuable because people can get too much natural gas and petroleum from fracking. There are 2.5 million "frac jobs" that had been performed on oil and gas wells around the world and more than one million of those are in the United Stated. Oil shale resources are abundant in United States, such as in

Since 19th century fracking, coal, and other fossil fuels have supplied humanity with energy. With fracking In 2000, shale beds provided “just 1% of America’s natural gas, but now they provide 25%” (fracking good idea?)of America’s natural gas. Fracking has a big part in our world with supplying the world with energy. In just Pennsylvania, West Virginia, New York, and Texas the amount of natural gas in the ground is enough energy to power the country for 110 years.

Fracking refers to the process of drilling into the earth, which is commonly referred to as hydraulic fracturing. This injection of water, sand, and chemicals especially in shale deposits releases oil or gas that has been trapped for many years that was initiated many years ago for the purpose of oil and gas extraction from the earth (Anderson and Bosselmann, 2013). The process can be carried out both vertically or horizontally such that it creates new pathways or extend already existing ones. The process causes a lot of controversy and at the same time, it acts as a potential key that will someday in the future unlock greater sources of energy (Bamberger and Oswald, 2014). This research therefore seeks to look at the positive aspects of the

Fracking has brought the world’s energy supply from a crisis level to a stable supply that supports global energy demands. As energy prices rose and the energy supply slowly decreased, experts began to

With shale natural gas now on the horizon in the United States of America, many supporters of the horizontal hydraulic fracturing industry are looking at the economic benefits of fracking shale. The current horizontal drilling abilities provided “23.608 quadrillion Btu [of just shale natural gas alone] in 2011” (Hassett and Mathur 2014). This number in terms of energy production marked the “USA [as] the second largest natural gas producer” (Hassett and Mathur 2014) as of the year 2011. Since 2011, the production of natural gas in the United States has been raised even higher as more and more states lift their moratoriums on fracking and new natural gas hotspots are discovered.

These reserves are found within shale formations. Shale is a sedimentary rock that is very low in permeability and porousness making it difficult to tap the gas and oil held within the formations. Due to the combination of fracking and new drilling technology, the production of natural oil and gas has constantly increased every year since 2006. In the year 1990, America reached a height of natural gas and oil production, producing about 70.706 quadrillion BTU of energy but that number would begin to decrease steadily due to the scarcity of acquiring natural gas and oil. In 2006 the production of energy was 69.443 quadrillion BTU. Accordingly, in 2010 fracking became popular and the production level reached 74.812 quadrillion BTU of energy. By 2011, the production of energy increased to 78.091 quadrillion BTU. The domestic production of natural gas and oil had a large contribution towards this growth. With this increase in production, the United states became the second largest natural gas producer in 2011.The European Union which is the third highest producer of natural gas and oil produced only about a quarter of natural gas and oil compared to that produced in the United

In order to comply with the goal to cut traditional fossil fuel consumption by 2050, the UK needs to turn to alternative types of energy. Fracking is a method of extracting shale gas from deep within the earth’s surface, by injecting large quantities of water at very high pressures. This water is mixed with chemicals, in order to free the gas by breaking down the shale within sedimentary rocks (Goodwin 2014). These rocks are impermeable, the gas cannot flow through it, and so it needs extracting via fracking. Currently

Development of infrastructure and market for natural gas, a product of hydraulic fracking, has blossomed in recent years. Interestingly though, hydraulic fracturing, a process that’s been around since the early 1900s, has recently become a topic of significant controversy, especially through the expansion of large reservoirs throughout the United States, including the Barnett Shale, the Marcellus, and the Bakken. However, the unsustainable nature of hydraulic fracking demands that US attention be focused on expanding renewable infrastructure and bolstering actual sustainable development; hydraulic fracking is an economic distraction fueled by big business, and the benefits are grossly temporary. Simply stated, investment and expansion of the natural gas industry in the United States is a short-term solution to a long-term problem. First, the paper will provide an outline of exactly why investment and development of hydraulic fracturing in the US is not sustainable. This will be accomplished by looking at the economics of natural gas fracturing, as well as the environmental effects and the public health impacts. Then further evaluation will provide insight on the practicality and necessity of national investment in renewable infrastructure to catalyze the nation into a global future.