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Essay on Taking a Look at Fracking

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According to an article on businessweek a because of fracking the areas around the drill locations have seen household incomes rise by $1,200. The energy sector supports 2.1 million jobs which added $75 billion to “federal and state revenues”. Fracking also added $283 billion to the US GDP or gross domestic product. Because of fracking fuel prices will fall which will lead to an increase of 3.5% to industrial production by the end of the decade. These have been some environmental questions about the safety of fracking most of which is the safety of the water and other natural resources. Mark Brownstein, who is chief counsel for the Environmental Defense Fund believes “If you’re going to make the argument that there are benefits to developing this resource you have to also be prepared to make the argument that you’re going to do everything possible to minimize risks to public health and the environment”. The pro fracking supporters believe that there can be a balance of environmental safety as well as economic growth. From 2012 to 2025 $346 billion will be invested into the energy sector which will create new jobs, factories, and products for the every day consumer.
Fracking is a very controversial issue to many people because of a movie called GasLand where only one side of the story is shown. In that video fracking has a very negative image on fracking. The climax of the movie is when Josh Fox the director films a citizen lighting their water on fire. What Josh did not say is that people have been able to do that for centuries because of the methane buildup in some water sources. The fracking argument should show both sides of the story not just one side. Fracking is a misunderstood process that when done responsibly can be high...


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...as trading at less then $50 a share, it is now $176 a share and climbing.
The Natural gas industry has made a major impact on both the United States and Global economy. Fracking is the single greatest producer of growth right now in the US economy and if countries around the world embrace it with an open mind and not demonize it a massive global economic boom would not be a far fetched idea. But with all good things there are also some ramifications. Companies that frack need to tread lightly when it comes to the environment because nothing survives without water. There are differing opinions on how fracking impacts the environment but simple common sense solutions could solve these problems. Fracking is a misunderstood process that when done responsibly can be highly beneficial to the world economy without the ramifications that come with hurting the environment.



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