A Brief Note On The Impact Of Fracking - 1657 Words

Kyle Quintana Candace Craig English 121 6 May 2015 The Impact of Fracking When it comes to vast amounts of energy sources, natural gas in America is not something most people believe is plentiful. As resources are used up it then becomes time to look for a new supply elsewhere. America has always been dependent on foreign trade, including fuels, which in turn leaves us vulnerable to steep prices. Natural gas is one very important fossil fuel and from its various uses, its numbers have continued to dwindle. Supply and demand has taken a toll on this very precious commodity. Ordinary vertical drilling of natural gas has ceased to produce much and this once prevalent method may eventually end up becoming obsolete. In the 1990’s a different method that was being used, but wasn’t common, caught some attention and is called horizontal hydraulic fracturing or fracking for short. Since the method of fracking was first used in 1940, it has gradually changed and is now combined with a new strategy of drilling horizontally. This new way of drilling helps to reach vast amounts of previously inaccessible gases and oils that are stuck in shale. According to oil industries Devon energy, Chesapeake, and Halliburton’s estimates, around 827 million cubic feet of untapped gases and oils are under the U. S. but may not be as easily accessible as once thought (Mooney 80-85). The method of fracking involves the use of large amounts of water in conjunction with various chemicals and sand thatShow MoreRelatedA Brief Note On Environmental Impacts Of Fracking1349 Words   |  6 PagesEnvironmental Impacts of Fracking In 2011, a report released by the International Energy Agency claims the world is entering the â€Å"Golden Age of Gas.† The report shows that, with the increasing projects of fracking, gas use will escalate 50 percent and replace coal to become the second largest fuel by the year of 2035 (IEA). Correspondingly, one study illustrates the increased practice of fracking has brought $ 74 billion economic gain per year since 2007 (Dews). Also, one oil company claims thatRead MoreThe And The Revolution Of America s New On Our Children s Health And Future2119 Words   |  9 Pagestalking here about global warming, and â€Å"deniers† versus â€Å"warmists.† We’re talking about the game-changing new set of unconventional oil and gas extraction technologies and techniques collectively known as hydraulic fracturing, or â€Å"fracking.† Ask the most hardcore of pro-fracking boosters for their take, and they’ll describe the modern miracle of America’s new-found energy independence, a reality almost inconceivable just a decade ago. For them, the oil and gas boom around the U.S. has helped to rebootRead MoreFinancial Management : Key Performance Metrics10327 Words   |  42 Pageswithin an organization, important personnel changes, particularly of key leaders, future corporate predictions and how those affect prices, and finally organizational and industrial developments and future plans that can have a positive or negative impact on the corporation and therefore prices. In Section 4 we discuss the balance sheet and income statement of Caterpillar Inc. and then translate that data into 10 calculated financial ratios which are briefly discussed with comparisons to the firm’sRead MoreExxon Mobile Capstone40455 Words   |  162 Pages............................................................................ 83   GLOSSARY  OF  TERMS........................................................................................................................................... 108   END  NOTES...................................................................................................................................................... 110   iii 1. Wall  Street  Journal  Article  and  the  Executive  Summary   Wall  Street  Journal  Article