The Oil And Natural Gas Resources

This is even more important because so many Americans lost their jobs as oil and gas production, "with the number of employees in oil and gas with the number of employees in oil and gas extraction shrinking by over 50 percent to 118,400 in 2003" (Hassett and Mathur). Americans were losing jobs in gas production starting from the early twenty-first century due to the fact that "easily tapped oil reserves grew scarcer and domestic oil production declined", until improvements in fracking for shale gas created more jobs(Hassett and Mathur). The jobs fracking creates is much needed to boost the sagging American economy, but even more important to the economy is the gas produced.

States with a high reliance on the energy industry, like Alaska, North Dakota, Texas, Oklahoma and Louisiana, are currently facing economic challenges. In terms of Texas in general, our economy rests a lot on the oil producing industry and this has forced many companies to make tough decisions like cutting back on new hires and in some cases even laying off workers. Even though the Texas economy has a lot more going for it than just oil, especially because of the job growth in technology, health care and construction, there's still risk ahead for Texas in terms of job growth, less production, less investment, and less build-out of infrastructure. People who work in or around the oil industry don't like cheap

When most people think of Texas they think of the booming oil industry that the state has. According to our textbook, “Texas accounts for almost one-third of the country’s natural gas production and holds almost almost a quarter of the country’s natural gas reserves.” Texas has greatly invested in the recourses that are found within the state which makes gives the state a huge economic advantage. When fracking is used to help turn out even larger quantities of natural gas, the economic impact is huge. If the state greatly invested in fracking sites and the use of both traditional and horizontal fracking, the economic gain in the near future could be huge. The state could be turning out twice the amount of natural gas as it is

Hydrocarbons: Hydrocarbons are a form of organic compounds consisting exclusively of hydrogen molecules and carbon molecules. Classes of this composite entail: arenes, alkynes, alkenes, and alkanes. Hydrocarbons are chief workings of natural gas, oils, and pesticides, which can lead to some negative effects on the environment.

Fracking in North Dakota alone went from 4,600 to 6,600 wells just from 2009-2012. Due to the increase in wells, natural gas extraction went from 7.5 million to 16.9 million barrels of oil (Loris 2). This increase in the oil and gas industry also provides jobs in several fields such as geology, engineering, rig working, truck driving, pipe welding, and many more, which means that the US unemployment will go down as long as this economic boom keeps up. However, fracking provides more than just jobs; it provides an economic boost to the communities where fracking occurs. States like Louisiana and Oklahoma practice fracking in more rural areas and it is seen as an economic boost more so in those places than in states like Colorado, where fracking

Oil has been an important resource of energy in America “since the discovery of the Spindletop geyser in 1901. It drove huge growth in the oil industry in America. Within a year, more than 1,500 oil companies had been chartered, and oil became the dominant fuel of the 20th century and an integral part of the American economy” (History.com Staff). This had developed the construction of pipelines to move the oil within the country and offshore in coastal waters. Recently, the federal government approved the construction of a new pipeline that would be transporting crude oil from North Dakota to Illinois.

Did you know that oil companies are demolishing North Dakota’s environment by dumping drilling waste onto the land and in waterways? First, oil companies are taking truckloads full of drilling waste at a time and just dumping it to the side of the road illegally! This is mainly happening in the western corner of North Dakota but will most likely affect all of North Dakota. Eventually, this will affect all of North Dakota, by the drilling waste killing the animals or plants that other animals need to eat to survive. Then, oil companies also go and dump the drilling waste into the waterways. So, pretty soon all the western corner of North Dakota won’t have freshwater lakes and rivers. They have been doing this since 2014, so who knows what

One million people moved into Harris County between 1970-1982. This was the greatest boom anyone had ever seen; this was brought about by the increasing value of oil. In 1980 Houston was a one company town with eighty-two percent of its primary sector jobs tied into the oil industry. Oil was in demand at the price of three dollars and twenty cents in 1972 increased to thirty-two and fifty cents by 1980 Houston was booming, however in 1983 the oil industry collapsed causing one hundred thousand jobs to be lost. This would change the world as Houston and Texans knew it, where as in the past people relied on natural resources from the land such as cotton, timber, cattle and oil, they would now have to rely on their knowledge and skills. The

Many cities in the u.s have been affected by the Oil boom, countless have made millions on this product. Oil isn 't always easy to find, as a matter of fact, it can be very difficult. Often times oil seeps to the top of the surface, making it easy to find, but most of the time people have to drill to find it. In the earlier days rigs could only work on land, however now we can use oil platforms to get oil from under sea beds. Many towns like Bainville and Watford city are being affected very heavily because of the oil, changes include: growth of population, riots, and heavy construction. Not all the people in these towns support and agree with the pipeline, which oftentimes leads to protests and riots. Many protests have ended in arrests because of the violence they promote. Many people across North Dakota have been taking drastic measures such as blocking highways and roads, killing livestock, and violent fights.These people are upset because this pipeline runs across some sacred burial sites of the ancient Native American tribe leaders. The Bakken Shale formation is one of the largest oil and gas industries, it covers over 200,000 square miles in just North Dakota, Montana, and Canada.(Carter,2013) The pipeline is 12inches wide and travels over 500 miles across the US. So far, between North Dakota and eastern Montana they have produced 1 billion barrels of oil. In just North Dakota, jobs are very easy to find in the oil industry.

In America poverty is a problem; fracking helped with this problem because it crated job opportunities. Although people in America have had a hard time finding good paying jobs, fracking has helped solve this problem. Ed Rendell confirms that “natural gas restores jobs for hardworking Americans”, and it created “thousands of solid jobs with good salaries”. While fracking helped people who are having troubles finding jobs, but it also creates new opportunities for other things like businesses. Ed Rendell points out that “It’s already creating new opportunities consumers and businesses and promoting economic growth”. Another thing that has benefitted from fracking is construction industries. Ed Rendell states that “steel, lumber, and construction

Tap water isn’t supposed to catch fire. It does in Dimock. Josh Fox, the director of "Gasland," chronicles his search to discover what gas drilling in the Marcellus Shale might do to his beloved Delaware River watershed should he and his neighbors sign the leases they received in the mail. That search takes him first to Dimock and then across the United States, where he meets people struggling with unexpected consequences of gas drilling in multiple states. He spent time with citizens in their homes and on their land as they relayed their stories of natural gas drilling in Colorado, Wyoming, Utah and Texas, among others. He spoke with residents who have experienced a variety of chronic health problems directly traceable

Not only has fracking supported jobs relative to the drilling company, it has also supported indirect jobs. These jobs, described as “induced” jobs, are other businesses such as restaurants, hotels and retail (Efstathiou). The expansion of jobs in the drilling industry has created a greater demand for other businesses such as restaurants and hotels (Efstathiou). This is because the new dispensable income generated by the workers has allowed the public to afford these conveniences and luxuries (Efstathiou). One of these reasons is because according to Harvard economist Michael Porter, “cheaper natural gas is helping businesses and people all around the country save money” (qtd. in Arnold). According to the IHS report, the “drilling industry will support about 360,000 direct jobs, 537,000 jobs in supplying industries and more than 850,000 jobs outside the industry,” all of which is essential in circulating and stimulating the economy (Efstathiou). Porter believes that the fracking industry is a “game changer," to the economy (qtd. in Arnold). The fracking industry according to Porter

America must wean itself off of dependence on foreign oil, and one valid solution to this problem is offshore oil drilling and production. America’s economy is heavily based on petroleum, as though it is the nation’s blood; a necessity for survival. About 25% of oil produced in the U.S. comes from offshore rigs. Most of the U.S. coastline has been off limits for oil drilling since the early 1980s. Due to environmental concerns after an oil spill off the coast of California in 1969, an offshore drilling moratorium was imposed. Since then, the U.S. has amplified its energy consumption to where it uses nearly 25% of the world's oil. Meanwhile, the U.S. produces about 10% of the world's oil. That has made the U.S. heavily reliant on imported

This paper uses the terms natural resource(s), resource(s), and reserve(s) in many different contexts. Please use care when interpreting their usage and context.

The oil and gas industries involve a high amount of documentation for both transportation as well as extraction and field services. Activities are highly regulated, and subject to oversight from Federal Energy Regulatory Commission (FERC), the Department of Transportation (DoT), the Environmental Protection Agency (EPA), and the Department of the Interior (DoI). That said, the process of regulation is trending toward a more digitized system, with organizations like FERC having their own submission portals that implement a “fill-in-the-blank” platform to complete forms. However, not all forms have yet been converted to digital submission even in agencies with online portals, and other agencies still remain reliant on