One of the leading reasons the United States has had a resurgence in the Energy production world is its use of Fracking. Hydraulic fracturing, or fracking, in combination with horizontal drilling, has caused a boom for energy companies that has led to a reduction in energy prices in the United States.
Fracking is the process where a well is drilled a mile or more beneath the surface and then the well is gradually turned to run horizontally for several thousand more feet. It is then cased and cemented. A large amount of water, some sand, and some additives are pumped into the well at high pressure, causing the rock around the pipe to fracture. This process enables companies to have access to large deposits of oil in shale and other tight rock formations they have been unable to access in the past. There is a concern, however, about the environmental aspects of its use. The requirement of large amounts of water for its effectiveness and the long-term damage to the area that is being used is still unknown. With that being the case, is fracking good or bad for the United States?
Bloomberg details how shale fracking works and how it’s changing the U.S. energy industry:
Is fracking good or bad for the United States? Has the use of this process led us to the verge of energy independence? Or, is it becoming a crutch that will hurt the country in the long run?
Page 2: Arguments that fracking is good for the U.S.
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