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 ââ¬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 processâ⬠¦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).â⬠This process combines water, sand, and chemicalsâ⬠¦show more contentâ⬠¦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 ââ¬Å"spends far less on cheaper, domestically, generated power, [and] the money would go primarily to US-owned energy producers (BBC.org).â⬠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, ââ¬Å" The Unites States will soon be the worldââ¬â¢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).â⬠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 à |à 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 à |à 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 OPECââ¬â¢s and other large oil and natural gas producersââ¬â¢Read MoreHydraulic Fracturing, or ââ¬Å"Frackingâ⬠, is questionable in many peopleââ¬â¢s eyes. The ââ¬Å"Whyâ⬠ââ¬Å"Howâ⬠1700 Words à |à 7 PagesHydraulic Fracturing, or ââ¬Å"Frackingâ⬠, is questionable in many peopleââ¬â¢s eyes. 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To define fracking in latent termsRead MoreFracking And Its Early Technological Advancements1564 Words à |à 7 Pages ââ¬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 (ââ¬ËFrackingââ¬â¢) 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 à |à 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. 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