Shale

California’s economy. As of now, the entire industry provides more than 1.2 million jobs and the Department of Energy estimates that this increase of oil and natural gas will increase due to fracking. In California, it is estimated that the Monterey Shale oil business will likely produce 3 million jobs and 25 billion dollars in tax revenues by…

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…

barrier between the bore and any freshwater sources. In some cases additional sections may be installed and like surface casing, are cemented in place so fluids and gas dont get between the casing and the groundwater sources. What makes drilling in a shale formation unique is the necessity to drill horizontally. Vertical drilling continues to a depth called the kick off point (King). This is where the well bore begins turning (becoming a horizontal well). One of the advantages of horizontal…

Student Name : Sudhagar Validan Student No : 33505 Module Code : PM 101 Module Title : Business Economic Words :1521 Petrol prices are playing a very important role in development of the country’s economy. As the petrol prices are set to rocket, it plays as a decider on the growth of economies; for the importing or exporting nation. Some economists believe that any change in petrol prices will result in major changes within countries. Let see what happens when the petrol prices started…

Fracking is the process used to access natural gas that is trapped underground 1. Recently, fracking in Pennsylvania's Marcellus Shale has gained the attention of many environmentalists 1. Many energy corporations argue that the natural gas industry is not only important for the United States energy, but it is also a large contributor the U.S. economy 2. Environmentalists have made arguments that fracking is not a clean process because the actual process of fracking involved uses a large…

The prisoner’s dilemma reminds me the fracking dilemma. I will be using the fracking dilemma to present my argument and example. Natural gas from shale has been a very active subject in the western region. Many residents are complaining that the fracking can affect the underground water and cause earthquakes. The energy companies and government agencies are giving the people an option to have either cheaper gas or clean water. If the public decides to have cheap gas they have to let this energy…

Energy is the power derived from the utilization of physical or chemical resources, especially to provide light and heat or to work machines. Energy is all around us and can be created from many things such as oil, natural gas, coal, wood, water, wind, and petroleum. Most industrial nations use fossil fuels, which are natural fuels formed in the geological past from the remains of living organisms such as coal, natural gas and oil to be driving force that powers their modern industrial societies…

offers that can change the way of how we go about life. For the most part of it, people drill shale gas from the shale sedimentary rock found deep in the ground. This gas is then used as a sufficient power supply. Even though the use of this gas is more environmentally friendly than that of what is previously used, it still does not compare to the damage fracturing can cause from trying to obtain shale gas. As the economy grows, not only will this call for more fracking operations, it will also…

Hydraulic fracturing is a process which releases natural gas from shale and brings it to the worlds surface. It requires injecting more than a million gallons of chemicals such as lead, uranium, methanol, and mercury. Fracking also needs sand and water. The amount of water that is used is one to eight million gallons per job. It takes 400 tanker trucks to carry water too and from the sites. The chemicals, sand, and water are then put down a horizontally drilled well at a high pressure. The…

Hydraulic Fracking is a drilling method used to extract gas beneath shale formations located deep below the Earth’s surface. It has been practiced for more than 50 years, but it was not until the last decade it became an issue due to a new method of drilling horizontally. Before the last decade, the practice was to drill vertically through shale bedrock to obtain access to oil or gas. In the last 10 to 15 years to the practice of horizontal drilling for methane became popular due to the…