Like a Pandora's box, a great and helpful technology has been afforded to the people of this country in the form of hydraulic fracturing, however this technology must be tempered in order for the true and real benefits to be realized. Debate and opposition on this topic is welcomed and will produce a situation where many interests have been heard and incorporated within the argument. " if the hype turns into reality, then the world energy markets can look forward to floating on clouds of cheap gas, certainly up to 2030, if not beyond, " (p.10).
There is a great deal of literature extant on this topic and is worth exploring to gather a finer appreciation for what is at stake in this shale gas revolution. Seeing both sides, or the multiple sides, of this idea is important to help develop a picture of this technology that produces the most predictable and effective results. Since the industry is composed of many differing professions, such as geology, sales, business and logistics, there are many factors to consider when weighing the totality of the entire situation.
Wisniewski (2011) explored some of the general points of the debate in his argument. He suggested that fast rise of shale gas can be expected to continue due to the profitability that hydraulic fracturing of shale produces. In other words, the business is good and looks good for the future and therefore the means justify the ends. This argument exploits the economic argument for the practice based on strictly commercial figures. He wrote "Perhaps crucially, shale gas is expected to offset the decline in the production of conventional deposits (both onshore and offshore) and the stagnation of output from other so-called unconventional pockets of natural gas (tight gas and coal-bed methane). Once the pace at which estimates about the actual or potential size of shale deposits have been recalibrated is factored in, the role of shale gas can be expected to rise even further."
Aladeitan & Nwosu (2013) explained a different perspective. These authors being from Canada highlights the importance of this issue as the global impact of this practice are undeniably formidable. They wrote "Although shale gas development raises critical legal and environmental challenges, yet its development seems set to take the global energy world in a revolutionary way. The effect of this gradual but sweeping revolution carries with it gains and pains. Gains are for those who traditionally were classified as importing countries and pains for the exporting countries in terms of loss of revenue."
Cheap energy allows business to produce goods and services and a more efficient and effective rate. Shale gas may be the key to regaining economic solvency after a global economic depression. The temptation to look at this source as a saving grace is very promising, but once again must be put into perspective with the negative side effects that accompanies such a potent and impactful tool. Bullis (2013) agreed with this idea when he wrote "The impact of cheap natural gas on manufacturing could extend beyond the production of various chemicals. Using natural gas as an energy source, rather than a chemical feedstock, could significantly lower costs for manufacturers who use a lot of energy, such as steel makers. Overall, cheaper chemicals, cheaper steel, and cheaper transportation could make the U.S. A far more attractive place for a wide range of industries."
The U.S. Energy Information Administration revealed the importance of shale gas for the future of America in their Annual Energy Outlook for 2013. The emphasis for America to become energy independent and ultimately a net exporter of energy is well within the goals and capabilities for this country according to their opinions. Shale gas plays a very significant role in this process and is necessary for this growth. The report stated "Higher volumes of shale gas production are central to higher total production volumes and a transition to net exports. As domestic supply has increased in recent years, natural gas prices have declined, making the United States a less attractive market for imported natural gas and more attractive for export. Relatively low natural gas prices, maintained by growing shale gas production, spur increased use in the industrial and electric power sectors, particularly over the next decade, " (p.15).
Shale producing natural gas has great benefit for many reasons which is why its proponents are headstrong about incorporating the risks that derive from these efforts. Natural gas is the cleanest burning fossil fuel. The costs to the environment...
Hydraulic Fracturing Fracking Fracking or hydraulic fracturing can be described as a process of drilling deep the earth after which a high pressure water mixture can be directed within the rocks for the gas trapped beneath the sand to be released. The rock is injected with sand, chemical and water at high pressure that will make the gas underneath to flow out on top of the well. As much as fracking has its
Anthropogenic Technologies Such as Fracking on the Environment The people living in the Midwestern United States and most especially Oklahoma have become increasingly alarmed by the number of earthquakes they have experienced in recent months due to the efforts of the oil and gas industry to extract every last ounce of petroleum from the ground using hydraulic fracturing ("fracking") technologies.. On the one hand, these efforts can be viewed as
Hydraulic Fracturing ("Fracking") The Legal and Environment Aspects Page 3 Introduction / What is Fracking? / Executive order Page 4 Department of Energy Advisors Page 7 Law Student Article -- Let States Regulate Page 8 European Union on Fracking Page 8 Legal Action in Wyoming / California Controversy Page 9 Writer's Opinion on Fracking Legal Issues in Fracturing Hydraulic Fracturing -- also commonly referred to as "fracking" -- is a technique for extracting natural gas and oil from the
For G&G personnel, it will provide an ability to recognize very early in the evaluation process the potential for fracturing to improve potential target formations, as well as learning what types of formations make the best targets for fracture stimulation. Hydraulic Fracturing -- Design and Treatment Michael B. Smith • 9 -- 10 February This 2-day post-conference course provides a sound engineering approach to fracture treatment design. It covers the fundamental principles
Fracking in Colorado Hydraulic fracturing ("fracking") is not a new approach to locating and exploiting gas and oil in the United States. It has been used as a strategy since 1949, according to Earthworks, an environmental group. Fracking is a strategy oil and gas companies use to retrieve quantities of oil and gas that are trapped in shales, coalbed formations and other underground areas that have previously been drilled. The environmental
Legal Issues in Hydraulic Fracturing Energy is major driving factor in all daily activities, from home use to industries. There are various sources of energy, the major one being natural gas and petroleum. Throughout the years, methods of harvesting these forms of energy have been met by many challenges. However, with the advancing steps made in technology as a field, new ways of harvesting the petroleum and gas energy have been
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now