Benefits to gas companies (not employees) drives this growing field. While frakking releases gas from shallow depths, it can also cause small earthquakes at less than 1 mile under the surface (very unusual type of quake). While gas companies increase their supply and stock prices, frakking destroys land, causes dumping of frakking liquids, and causes fear among residents who question the process and its long term consequences.
Fracking is a comparatively cheap method for obtaining oil and natural gas.
Fracking is used by companies to extract natural gas from shale formations trapped deep underground. This process involves injecting a mixture of water, sand, and chemicals into the rock to release the gas. Fracking has allowed companies to access previously unreachable gas reserves, which has increased domestic energy production.
Companies using hydraulic fracturing, or fracking, to produce natural gas include major players like ExxonMobil, Chevron, and ConocoPhillips. These companies typically target shale formations, such as the Marcellus Shale in the northeastern U.S. and the Permian Basin in Texas, where fracking has significantly increased extraction efficiency. The process involves injecting high-pressure fluid to create fractures in the rock, allowing natural gas to flow more freely. Fracking has revolutionized the natural gas industry, boosting production and driving down prices.
Fracking is a way of obtaining gas from rocks underground
Yes and no. President Obama does not seem to be a big supporter of fracking, but he has not come out and banned it either. He seems to feel that there are certain situations where there might be some benefit. But he has been very cautious about allowing it, and has tried to place limits on when and where it can be done. His moderate position has annoyed some environmentalists, who want him to ban it; but he has also annoyed oil and gas companies who want the ability to use fracking technology without any limitations.
Companies are using fracking to produce natural gas because it allows them to extract gas from previously inaccessible underground rock formations, significantly increasing domestic energy supplies. This method can lead to lower energy prices and greater energy independence. Additionally, natural gas is often seen as a cleaner alternative to coal, contributing to reduced greenhouse gas emissions when used for electricity generation. However, fracking also raises environmental concerns, including potential water contamination and seismic activity.
the fracking of gas, pumping water and chemicals underground to release natural gas. Gas obtained through gas fracking is known as unconventional gas. A lot of controversy surrounds the topic, which has been known to have several ecological impacts, such as the possible contamination of groundwater and even miniature earthquakes (such as occured in Blackpool).
Drilling companies drill vertically down to the desired distance, and drill horizontally into the shale. They then use hydraulic fracturing, or fracking, to loosen up the rock enough to get the gas out.
fracking
Fracking itself does not produce energy. It is a method used to extract oil and gas from underground rock formations such as shale. The energy produced from fracking comes from the oil and natural gas that is extracted through this process.
Dan Rather Reports - 2006 Fracking Gas was released on: USA: 13 April 2010
Well simply it is a new source of oil/gas, that we have plenty of. It will mean that when we run out of oil from traps (the current way to get oil) we will have enough oil and gas to last us another 50 or more years (this is an estimate and to be truthful we still have know idea how much oil is available from fracking). Fracking will open up a load of new jobs. However this will just replace the old jobs of conventional oil/gas extraction. At first fracking will make oil and gas cheaper in the market. This is because if there is more oil there is less demand for it so prices go down. However when oil from fracking runs out, then we will be back at the same step as we are now. Fracking is not as bad as people make it out to be - if it is monitored and regulated. The only problem is who is going to do that, because at the moment it is done by the fracking companies. Do we know if they are telling the truth? For them profit is more important than the environment. However in my opinion I am still against fracking. And it is not water pollution and earthquakes that bother me but the environmental horizon if we choose to take the path of fracking (continuing to do fracking in America or starting to frack in the UK). The oil and gas from fracking is the same as it is from conventional oil extraction methods. I believe that fracking will become another excuse to look away from turning to eco-friendly energy sources. Fracking may become another short term cop-out for the government's energy crisis but in the long term it is just destroying the environment with global warming. Sorry if the last question was off topic but I wanted to give another view to the truth of fracking.