Pros And Cons Of The Oil Fracking Industry

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Futuristic: It is important for the taxpayers of the United States to consider the options of the oil drilling industry. Supported by the prior research and evaluation, the continuation of conventional oil drilling throughout the United States will not only improve its economical and environmental futuristic aspects, but will ensure the survival of the United State’s global dominance in the oil industry. OPEC has faced severe drops in profits from the competition of booming private American oil companies flood oil onto the market, and this will only get worse with time as the currently rich oil producing nations’ pockets run dry. Fracking is deemed an economical solution for today’s oil economy, but in its actuality, it is only a temporary …show more content…
“Considering the fact that over half the nation is currently experiencing water droughts, the concept of using massive amounts of water to probe underground for oil and gas that may not even be available has given pause to many environmental observers” ("List Of Pros And Cons Of Fracking”). Fracking methods use a considerably larger amount of water, as it depends on the resource of water to continue this method of oil production. Not only does fracking use surplus amounts of water, but also exhausts numerous toxic chemicals into the surrounding cities and families. On top of that, “fracking companies are not required by law to provide a list of which chemicals they will be using for the job” ("List Of Pros And Cons Of …show more content…
A conventional oil drilling technique requires more workers and is additionally more widespread throughout the country when compared to fracking. This creates more jobs for the country’s working class and therefore increases economic growth as well as confidence. This is even backed by history. “When a particular region is denied conventional oil drilling methods, it leads to a situation, whereby the dependence on other countries for oil increases,”("Peak Oil: The End of the Oil Age"). In layman’s terms, when foreign oil imports increase throughout the nation, it impacts the U.S. economy. When calculating the future’s environment stability, the development of new technologies in conventional oil drilling ways can be completed without damaging animal, plant, and society’s

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