The Effects Of Fracking On Middle East And Other Countries...

In the world today one of the fundamental services that are required for daily living is energy. It therefore goes without saying that human beings have to engage themselves in whichever means possible to ensure that there is a sufficient and affordable energy necessary for supporting life most especially on the side of economic growth and development. Fossils forms a major source of energy, most especially oil, and this has been literally referred to as the motor of the world. In an effort to reduce dependence on Middle East and other countries for oil and gas, U.S has heavily invested in other forms of energy extraction from the core of the earth through a process that has come to be referred as fracking. Fracking is a short term that is used to refer to hydraulic fracturing. Hydraulic fracturing is a form of technology that is being used to unlock vast quantities of natural gas from shale beds. In America, shale gas covers a quarter of all gas production and it is projected that in coming decades, shale gas is most likely to have a market share of more than a half. The major advantage of fracking is that it is a cheaper way of mining natural gas and this therefore means a relatively cheap retail price (In Hester In Harrison, 2015). Cheap energy has in turn boosted America’s petrochemical industry, provided job opportunities, created other energy intensive businesses, lowered electricity bills, and has significantly reduced the amount of carbon emission released to theShow MoreRelatedHydraulic Fracking And Its Effects On The Nation Of The United States1508 Words   |  7 Pagesto as â€Å"fracking† or â€Å"hydrofracking.† It is a generally new technique for oil and gas extraction. Basically for shale gas and tight oil, including cracking of rock by a pressurized fluid. Even penetrating takes into account the infusion of very pressurized fracking liquids into shale rock layers profound inside the earth. After a well is drilled, it is c ased with bond trying to guarantee groundwater security and the shale is using pressurized water broke with water, chemicals, sand and other frackingRead MoreThe Pros and Cons of Fracking Essay1352 Words   |  6 Pagesover 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 energyRead MoreThe Effects Of Hydraulic Fracturing On The American Economy1398 Words   |  6 Pagesbeneficial to the American economy. While beneficial, it has proven to be very harmful. As studies show, fracturing is using an absurd amount of water to complete these wells. Not o nly is the amount of water usage detrimental to our water supply, but oil companies are showing no signs of slowing down. On top of the high water usage, fracturing is physically crippling our environment with the injected fluids. With over 600 different types of chemicals added into the water mixture, how sure can we beRead MoreHydraulic Fracturing And Its Effects On The Environment1737 Words   |  7 Pagescontamination than any other method of oil extraction, which is contrary to popular belief. There have been many useful regulations that turned a once feared industry to an environmentally safe, highly profitable industry. Hydraulic Fracturing is worth the risks it poses on the environment, because it will bolster the U.S. economy and foreign policy, provide billions of Petroleum barrels and trillions of square feet of natural gas, and it is not as harmful to the environment as other forms of oil and naturalRead MoreFracking : A Better World Essay1289 Words   |  6 Pagesa b etter world. To others, a better world is to create a habitat that can sustain our population and basic needs for a healthy lifestyle. One such advancement made in recent years that has brought forth an economic boon was the introduction of hydraulic fracturing – commonly referred to as fracking. With the use of coal being regulated by the US government, regions in the Midwest United States sought a new way to remain prosperous, and fracking was their liberator. Countries around the world seekRead MoreHydraulic Fracturing And Its Effects1500 Words   |  6 Pageswould only happen in a country that was not very developed. However, situations like this one are plausible in America, partially due to hydraulic fracturing. Hydraulic fracturing is a process which began in the late 1940’s as an experiment and has since expanded into a global method to efficiently extract natural gases. It has led to various economic benefits, including job creation and has lessened the economic dependence of the United States on foreign countries for oil consumption. Despite thisRead MoreFracking Essay1393 Words   |  6 PagesThe Result of Fracking on the Natural Gas Industry Introduction Hydraulic fracturing otherwise known as fracking has flooded the market with cheap and reliable natural gas to the exportation and power production markets all while being limited by logistics. Emspak, J. (2014, August 12) shows that natural gas production by fracking has expanded gas production by 32 times the amount in 2008. This lowered the cost 40% over that span of time. The demand for clean cost efficient power production shiftedRead MoreIs Fracking A Natural Gas?2865 Words   |  12 Pagesof natural gas and oil, brining about the dynamic job opportunities and economic growth which affects other industries apart from natural gas and oil field. As a superpower of energy, the United States can make good use of its rich resources with the correct policies and build a bright future for Americans and reduce energy-caused risks globally (Mark Green, 2014). 1.1 Environmental aspect As fracking is a good process of drilling natural gas, there must be questions like, â€Å"Is natural gas alternativeRead MoreFracking : Fracking, Or Fracking?2187 Words   |  9 PagesHydraulic fracturing, or fracking, has been a hot topic in recent times due to its controversial ways. Many people argue that it is a way for the United States to become less dependent on foreign oil, while others argue that the environmental cons outweigh the pros of fracking. Fracking is the process of extracting natural gas from underground by drilling into the earth. This is done by injecting water, sand, and chemicals into a bedrock formation by a well (â€Å"Hydraulic Fracking†). By doing this, theRead MoreOpec Organization Of The Petroleum Exporting Countries977 Words   |  4 PagesPetroleum Exporting Countries. OPEC was established in 1961 with 5 countries. Since then, it has expanded to 12 countries: Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and Venezuela. As technology improves and the production of oil and natural gas fluctuates, changes in the economy will occur and create tensions and conflicts, as well as opportunities. Because of OPEC s impact on the global economy for natural gas and oil, the strengthening