There are many negative articles describing fracking and the environmental impacts that surround it but, there are many positives to fracking such as the following.
Economic impact
Energy consumers are seeing economic gains, as a result from increased fracking, gas bills have dropped $13 billion per year from 2007 to 2013, which adds up to a total of $200 per year for gas consuming households. Households aren’t the only people seeing the difference, commercial, industrial, and electric power consumers, saw economic gains totaling $74 billion per year from increased fracking. In 2011, the United States produced 8,500,983 million cubic feet of natural gas from shale gas wells. Taking an average price of $4.24 per thousand cubic feet, which is …show more content…
The new supply of natural gas produced from fracking is eliminating the burning of coal. The burning of coal contributes to the early deaths of thousands of people each year. In 2008 coal made up around 50 percent of electricity generation in the united states and 37 percent in 2012, while natural gas when from 20 to 30 percent in the same time. decreasing coal usage and moving to natural gas produced by fracking greatly reduced the nitrogen oxide and sulfur dio xide emissions and is saving lives.
Job Opportunities Fracking is a fairly long and complicated process and requires many different steps along the process. Fracking has brought many jobs to workers and their families, which is lessening unemployment in places that fracking is used. A study that was done by the U.S. Chamber of Commerce’s 21st Century Energy Institute says the extraction of unconventional shale oil and gas through fracking has create a job boom even in states in USA that don’t actually have any shale deposits, with 1.7 million jobs that have already been created and a total of 3.5 million forecasted by
Economic impact
Energy consumers are seeing economic gains, as a result from increased fracking, gas bills have dropped $13 billion per year from 2007 to 2013, which adds up to a total of $200 per year for gas consuming households. Households aren’t the only people seeing the difference, commercial, industrial, and electric power consumers, saw economic gains totaling $74 billion per year from increased fracking. In 2011, the United States produced 8,500,983 million cubic feet of natural gas from shale gas wells. Taking an average price of $4.24 per thousand cubic feet, which is …show more content…
The new supply of natural gas produced from fracking is eliminating the burning of coal. The burning of coal contributes to the early deaths of thousands of people each year. In 2008 coal made up around 50 percent of electricity generation in the united states and 37 percent in 2012, while natural gas when from 20 to 30 percent in the same time. decreasing coal usage and moving to natural gas produced by fracking greatly reduced the nitrogen oxide and sulfur dio xide emissions and is saving lives.
Job Opportunities Fracking is a fairly long and complicated process and requires many different steps along the process. Fracking has brought many jobs to workers and their families, which is lessening unemployment in places that fracking is used. A study that was done by the U.S. Chamber of Commerce’s 21st Century Energy Institute says the extraction of unconventional shale oil and gas through fracking has create a job boom even in states in USA that don’t actually have any shale deposits, with 1.7 million jobs that have already been created and a total of 3.5 million forecasted by