Environmental issues are always followed by economic concerns, usually paid for by an innocent party for trusting a large company to “stimulate” the local economy. Fracking needs land in specific areas of the world to work at and millions of dollars are paid to individuals, towns, states or federal governments to work on those lands. However, landowners without economic degrees and who are blinded by the large amount of money do not consider the impact on their beloved land and cause their neighbors to pay for the rebuilding, mitigation, and pollution that is brought in to their towns without their permission. This can also affect politics at all levels local, state, and federal in the way that politicians are fighting for or against these
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The most environmental friendly solution to this issue as technology continues to combat these issues is to experiment with new water-free or water-reducing processes such as RocketFrac, a Canadian company that is testing rocket fuel in wells to eliminate water and use hydrocarbons to extract hydrocarbons. In May 2017 RocketFrac hired a former NASA Senior Executive to be their new CFO after raising $3.1 million dollars to begin testing their theories. Although Canadian based GasFrac, who used propane based gas and a gel to eliminate the use of water did not do so well as they recently filed bankruptcy and were bought out by a Moth Balls company. National Geographic hinted that even if their process was successful they might have trouble convincing large companies like Halliburton to switch to a greener but more expensive alternative than the cheap reliable water. However, if less materials and space is needed per well because of a more efficient, less toxic, product can be utilized then the industry can expand and obtain a greener footprint at the same
The most environmental friendly solution to this issue as technology continues to combat these issues is to experiment with new water-free or water-reducing processes such as RocketFrac, a Canadian company that is testing rocket fuel in wells to eliminate water and use hydrocarbons to extract hydrocarbons. In May 2017 RocketFrac hired a former NASA Senior Executive to be their new CFO after raising $3.1 million dollars to begin testing their theories. Although Canadian based GasFrac, who used propane based gas and a gel to eliminate the use of water did not do so well as they recently filed bankruptcy and were bought out by a Moth Balls company. National Geographic hinted that even if their process was successful they might have trouble convincing large companies like Halliburton to switch to a greener but more expensive alternative than the cheap reliable water. However, if less materials and space is needed per well because of a more efficient, less toxic, product can be utilized then the industry can expand and obtain a greener footprint at the same