Hydrofracking
Hydrofracking: What Everyone Needs to Know®
by Alex Prud'Homme
Main Points:
- Natural gas has taken the world by surprise in recent years, plunging in price close to $5/MBTU. This book explores hydro fracking in the context of the growing energy sector, its inner workings, where in the US the fracking is occurring, the case for and against, and a glimpse into what is in store for the future.
- The case for fracking claims that the US will be fully energy independent and no longer have to rely on foreign oil resources for transportation. In addition, there will be 600,000 jobs created in the US for gas related transportation or steel casings for drilling. Proponents say that the total water usage will still be less than that used by agriculture or nuclear reactors, and that methane will cause lower impact on global warming than coal emissions.
- The case against fracking claims that the US has limited water resources and that at 70-140 billion gallons of water used per year we will be damaging water-struck regions. Also the cause of water pollution due to the chemicals in the fracking fluid (including ethyl glycol, 2-BE, silica, sand, etc.) can cause serious health effects. Additionally, the pressure buildup below the earth can cause micro-seismic activity. We still have no plan on how to adequately dispose of this flowback fluid and to properly dispose of it (either in pits or in pools by wells).
How does fracking work? Watch this Ted-Ed video for a brief introduction on the controversial technology that has led to the Shale Gale.
Listen to T. Boone Pickens' talk about an Alternate to Alternative Energy or listen to his talk at the Yale School of Management on his career with natural gas!
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