Friday, December 20, 2019

Hydraulic Fracking The Oil Industry - 2025 Words

Hydraulic Fracturing The oil industry in the United States is booming. However, not all oil or natural gasses are available by drilling. There are some oils and gasses trapped inside shale rock. To access these gases, a process called Hydraulic Fracturing, informally known as fracking, was invented. Hydraulic Fracking â€Å"is a controversial oil and gas extraction technique developed in the late 1940s to gain access to fossil energy deposits previously inaccessible to drilling operations. The process†¦literally involves the smashing of rock with millions of gallons of water- along with sand and an undisclosed assortment of chemicals in order to bring gas to the surface. (serc-carelton.edu).† This process combines water, sand, and chemicals†¦show more content†¦Hydraulic Fracturing allows for the United States to gain energy independence. Much in thanks to shale oil and gas, the US has been able to rely less heavily on foreign oil. Extracting oil for the United States in the U.S., al lows for cheaper gas prices. By gaining energy independence, the country â€Å"spends far less on cheaper, domestically, generated power, [and] the money would go primarily to US-owned energy producers (BBC.org).† Energy independence, in addition to benefiting the economy, would help the United States out politically. The country has rocky relations with many of the Middle Eastern countries that produce a large amount of energy resources. Independence would help to sever some of these ties. In an article from Forbes Magazine the author speculated that, â€Å" The Unites States will soon be the world’s largest oil producer, thanks to innovative new extraction technologies [such as fracking] that have revitalized previously dormant wells and also led to a shale gas and oil boom that has galvanized into action a series of once sleepy communities across the upper Great Plains, Texas and beyond. Given such resources, we no longer have to fund our enemies (Forbes.com).† Although economically fracking is a positive thing, there are many disadvantages to the process. Some of these disadvantaged to Hydraulic Fracturing are water contamination, methane and air pollution, andShow MoreRelatedThe Effect Of Hydraulic Fracking On The Oil And Gas Industry1044 Words   |  5 PagesIntroduction Hydraulic Fracking is an oil and gas extraction process used in the past 60 years. The process consists of drilling the underground until reach a shale layer, and them a high-pressure fracking fluid is injecting in this hole to fracture the rock underground, which will provide oil and gas to be extracted. As a huge extraction process it requires large quantities of water, sand and chemicals, which are to produce the fracking fluid, and in most of the cases all this water and chemicalsRead MoreThe 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 MoreHydraulic Fracturing, or â€Å"Fracking†, is questionable in many people’s eyes. The â€Å"Why† â€Å"How†1700 Words   |  7 PagesHydraulic Fracturing, or â€Å"Fracking†, is questionable in many people’s eyes. The â€Å"Why† â€Å"How† comes up often when hydraulic fracturing is mentioned. Fracking has been tested and proven to be an environmental safe process. Introduced in the 1940’s, hydraulic fracturing has discovered a considerable amount of oil and clean-burning natural gas from underneath t he earth’s surface. Fracking contributes in providing well-needed resources from the earth’s surface to increase our country’s energy securityRead MoreA Brief Note On Texas s Fracking Conflict1076 Words   |  5 Pages2015 Texas’s Fracking Conflict One of the issues that Texas is currently facing is rooted in a populous industry, fracking. Texas has always been known for being oil and gas friendly, but cities are becoming weary about this industry invading highly populated suburban areas. While local governments have been able to block out drilling and gas wells for some time now, the state has taken a position that is becoming increasingly supportive of the oil and gas industry. To define fracking in latent termsRead MoreFracking And Its Early Technological Advancements1564 Words   |  7 Pages â€Æ' Contents Introduction 1 What is Hydraulic Fracking? 2 The Roberts Torpedo, 1864 3 Kelpper Well No. 1, 1947 5 Hydrafrac, 1949 6 The Growth of Hydrafrac, 1949 - 1954 8 Introduction Hydraulic fracking (‘Fracking’) dominates the US oil and gas industry. Although it is currently a politically dividing topic due to environmental concerns (United States Environmental Protection Agency, 2010), the concept behind fracking has been around for over 150 years (Roberts, 1866), and has beenRead MoreThe Oil And Natural Gas Industries1686 Words   |  7 Pages Around the globe, the oil and natural gas industries are a major part of stable and growing economies, as well as, the individual lives of most people. As individuals we use it to run our vehicles, heat our homes, cook, and much more. Economies, on the other hand, rely on the oil and natural gas industries for the jobs they create, the product they supply, and the added value created by government revenues. In 2011, these industries in the United States made up 5.6 percent of the nation’s totalRead MoreThe Pros and Cons of Fracking Essay1352 Words   |  6 Pagesand sought after commodities. Who s upplies 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 boomingRead MoreHydraulic Fracturing And Its Effects On The Environment1737 Words   |  7 PagesHydraulic Fracturing has led to less cases of contamination 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 barrel s and trillions of square feet of natural gas, and it is not as harmfulRead MoreHydraulic Fracturing Has Recently Grown In Popularity As1516 Words   |  7 PagesHydraulic fracturing has recently grown in popularity as a means of energy production. There are advantages and disadvantages, mainly relating to the environment and the economy, of this industry. Although there are pros and cons to both sides of the issue, a compromise needs to be found for both the safety of the environment and to be able to support affordable energy production. Hydraulic fracturing, as an industry, has had a large economic impact by creating jobs. Using natural gas from hydraulicRead MoreHydraulic Fracturing And Its Effects On The Environment1087 Words   |  5 Pages Hydraulic Fracturing Maya Murray Mr. Iwasaki Chun MYP Chemistry Essay 3 May 2015 Maya Murray Mr. Iwasaki Chun MYP Chemistry 3 May 2015 Hydraulic Fracturing â€Å"Our country will have drilled and fracked our way down a blind alley for a short lived energy boom† (qtd. In †¦). Hydraulic fracturing, also known as fracking, is the process of drilling and injecting fluid into the ground at high pressure in order to fracture shale rocks to release natural gases inside. Many people are referring

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.