Jordan Young
Dr. Janac
English 1301 – 321
October 16, 2015
Why Fracking is Beneficial? The world we live in today; money has become a priority and where the majority of the citizens need to earn some in order to see a more secured and easier life. With the rising global energy demand, fracking has been considered as the next big thing for energy producers. So fracking can lead to the promotion of energy independence, cheaper gas prices and more available jobs. Fracking would allow us more access to natural gas and oil. “Shale gas made up a small share of natural gas productions in 2005, but has surged since then and in 2010 made up 20% of what is produced domestically. By 2030, the portion could be close to 50%.” (Robinson) Jobs in the energy related chemical sector is projected to …show more content…
natural gas production and 48% of oil output, according to the Energy Information Administration. The boom has helped make America the world's No. 1 producer of oil and gas, and it has pushed the nation much closer to energy independence than almost anyone dared hope in the 1980s and 1990s. (USA TODAY) ” With the use of fracturing, the U.S. has now become the world’s largest oil and gas producer, keeping natural-gas prices low for U.S. consumers, and keeping oil and natural gas prices in check around the world. “Without the U.S. oil production boom, it is predicted that oil prices would be around $150 a barrel, rather than $100 per barrel. If this estimate is correct, the United States is saving the global economy about $4.9 billion a day in oil spending. ” (Quartz) . . . . . . . . . . . ….. . . . . . . . . “Fracking is now responsible for 30% of U.S. electricity production and for heating half of all U.S. homes. The national and business media have breathlessly reported huge growth in gas production, and the oil and gas industry projects that North America will return to exporting energy by 2025.”
Dr. Janac
English 1301 – 321
October 16, 2015
Why Fracking is Beneficial? The world we live in today; money has become a priority and where the majority of the citizens need to earn some in order to see a more secured and easier life. With the rising global energy demand, fracking has been considered as the next big thing for energy producers. So fracking can lead to the promotion of energy independence, cheaper gas prices and more available jobs. Fracking would allow us more access to natural gas and oil. “Shale gas made up a small share of natural gas productions in 2005, but has surged since then and in 2010 made up 20% of what is produced domestically. By 2030, the portion could be close to 50%.” (Robinson) Jobs in the energy related chemical sector is projected to …show more content…
natural gas production and 48% of oil output, according to the Energy Information Administration. The boom has helped make America the world's No. 1 producer of oil and gas, and it has pushed the nation much closer to energy independence than almost anyone dared hope in the 1980s and 1990s. (USA TODAY) ” With the use of fracturing, the U.S. has now become the world’s largest oil and gas producer, keeping natural-gas prices low for U.S. consumers, and keeping oil and natural gas prices in check around the world. “Without the U.S. oil production boom, it is predicted that oil prices would be around $150 a barrel, rather than $100 per barrel. If this estimate is correct, the United States is saving the global economy about $4.9 billion a day in oil spending. ” (Quartz) . . . . . . . . . . . ….. . . . . . . . . “Fracking is now responsible for 30% of U.S. electricity production and for heating half of all U.S. homes. The national and business media have breathlessly reported huge growth in gas production, and the oil and gas industry projects that North America will return to exporting energy by 2025.”