Friday, December 20, 2019

Fracking Is It Worth The Risk - 961 Words

This week’s discussion was to be on â€Å"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 â€Å"is it worth the risk?† What exactly is â€Å"fracking†? â€Å"Fracking is the process of drilling down into the earth before a high-pressure water mixture is directed at the rock to release the gas inside. Water, sand and chemicals are injected into the rock at high pressure which allows the gas to flow out to the head of the well.† (Megan Caponetto and Tom Schierlitz, BBC UK, What is fracking and why is it controversial?, 12/16/15). I went with this BBC quote because it’s challenging to find a proper definition without bias. From what I’ve seen and heard, to frack they drive multiple tanker trucks into the area filled with a mixture of water andShow MoreRelatedThe Economic Report On Fracking, Is It Worth It?1465 Words   |  6 PagesWeekly Economic Report Fracking, is it Worth it? Ron Withall Business 630, Dr. Lynn Reaser SUBJECT Our dependence on foreign oil and natural gas has created a vulnerability affecting our national security and economic stability. Up until this past decade there was an appreciable decline in our oil and natural gas production in the US and we were tied to world market price fluctuations. Oil prices and natural gas prices rose and fell based on OPEC’s and other large oil and natural gas producers’Read MoreFracking And Its Effects On The Environment856 Words   |  4 PagesFracking is one the most recent and efficient methods to create energy. In order to obtain this controversial natural gas, new jobs are created in rural areas, and as expected, electric bills decreased. Furthermore, Fracking creates enormous amounts of gas at an inexpensive price making the production of any other form of energy practically obsolete. Although not all countries or states in the United States think alike, some of them dispute the claim that fracking negatively affects the environmentRead MoreEssay on Natural Gas Fracking Risks1519 Words   |  7 Pagesis produced when trapped gas is released above ground. Hydraulic fracturing or fracking is a process that extracts natural gas from the ground. As harmless as the billion dollar producing oil companies would want us to believe, environmental groups, scientists, and average citizens have raised concerns about the negative impact of hydraulic fracking on the environment and surrounding communities. Hydraulic fracking is used in the natural gas drilling booms, like the one in Louisiana. â€Å"ModernRead MoreRisk Reward and Fracking1326 Words   |  6 PagesRisk Reward â€Å"Fracking provides a source of energy that is not only new but also relatively clean, cheap, without political strings† (www.economist.com, 2014, para. 3). 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Fracking has become veryRead MoreA Brief Note On Environmental Injustice And Fracking1341 Words   |  6 Pages October 8, 2015 Environmental Injustice and Fracking Recently, North Carolina has been conducting pilot studies to determine whether or not hydraulic fracturing should be pursued in the state’s shale beds, a topic that causes much polarized debate. Hydraulic fracturing, otherwise known as â€Å"fracking,† uses water, sand, and chemicals to release natural gas from as far as 10,000 feet below the Earth’s surface. Supporters of fracking claim that natural gas is an ideal â€Å"bridge fuel† as theRead MoreFracking the World: The Marcellus Shale Essay1162 Words   |  5 Pagesgiven special accommodations not to have to follow through with laws that have already been passed? Lastly is the benefits of fracking for natural gas worth all the damage it is causing? To better understand the points I am hoping to make with this research paper, you must first have a general idea of what Hydraulic fracturing is and its process. â€Å"Hydraulic fracturing â€Å"fracking† is a technique for tapping unconventional oil and gas reserves that are otherwise inaccessible. In the early 2000s, energy

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