Fracturing has changed the industry of gas and oil production. A decade ago, shale gas production only accounted for 2% of total U.S. output. In 2014, that figure increase to 37%, and the Information Handling Services study projects that natural gas obtained through the use of hydraulic fracturing will continue to increase to more than 75% of the domestic supply by 2035 (Haley, McCawley, Epstein, Arrington, & Ferrell, 2016). As a result fracking, the United States is less dependent on foreign natural gas and has surpassed Russia as the world’s largest natural gas producer (Haley et al., 2016).
Haley, M., McCawley, M., Epstein, A. C., Arrington, B., & Ferrell Bjerke, E. (2016). Adequacy of Current State Setbacks for Directional High-Volume Hydraulic Fracturing in the Marcellus, Barnett, and Niobrara Shale Plays. Environmental Health Perspectives, 124(9), 1323-1333. Doi:10.1289/ehp.1510547
“Not in my backyard,” say the toffs, snobs and other posh personages in their multi-million pound mansions in the prosperous county of Sussex where shale gas extraction through fracking is planned.
But should this handful of financially-privileged Luddites be allowed to jeopardise the country’s economy? Of course not! Anyone directly affected should be compensated but beyond that the provision of secure energy supplies for the future must be the priority.
The word "fracking" is a recent invention by the press, but in reality it is a method that's been around since the 1940s but through technological innovation this extraction process has been used with horizontal drilling. America through innovation will leapfrog Saudi Arabia and Russia becoming the world's leading energy and it will give us the ability to be energy independent. Oil and natural gas industry employ over 9 million Americans and will continue adding more jobs into the future. We're talking the addition on 1.4 million jobs and $800 billion in revenue. We're talking lower energy costs for consumers, households, and businesses. Those that stand in the way are people that are ignorant of energy & economics, fearful of technology & progress, unmoved by the economic plight of people, and rely upon scare tactics rooted in junk science and propaganda.
The first priority is not energy independence, it's a sustainable future. Whilst it is entirely possible and plausible that if we deplete natural resources and in so doing destroy the environment (our habitat), we can turn our focus to the colonisation and exploitation of other planets in the habitable zone, the problem with that is that it's not going to happen soon enough.
Our survival (and that of all the other species we haven't already wiped off) depends upon our being responsible custodians of our planet. It seems to me that we are failing...
I think what we should be doing is taking a leaf out of Germany's book and start taking some serious steps towards sustainability.
While franking in short terms does give lots of resources its both bad for nature but also that it reaches peak oil extremely fast, some say even that peak oil for franking will come after about a year after its completed and after that it will only go down. However with that said you will be more independent but franking can NEVER maker you totally energy independent.