How Fracturing Is Supplying About 2.1 Million Jobs

An article on America’s Communities informs its readers how fracturing is supplying about 2.1 million jobs to American citizens. Federal regulations and laws have already been set in place for fracturing in the future. The number of marketing natural gas skyrocketed from 2008 to 2012. In Pennsylvania alone there are 9000 wells and is expected to create 211,000 jobs around 2020. Other states such as Arkansas, Colorado, Louisiana, North Dakota, Ohio, and Texas are major states where hydraulic fracturing has taken place. Investing in fracking could be a potential solution as Amy Jaffe stated â€Å"By the 2020s, the capital of energy will likely have shifted back to the Western Hemisphere, where it was prior to the ascendancy of Middle Eastern mega-suppliers such as Saudi Arabia and Kuwait in the 1960s.† The U.S could be the leader in the oil industry if they establish its oil dependency solely on fracking. The investment in fracking would be beneficial to the consumers of America as natural gas is now becoming the number one source of fuel and energy. According to John Deutch of MIT â€Å"In the United States today, oil is three times as costly as natural gas for a given amount of energy ($12 per million BTUs compared to $4 per million BTUs), and that is almost double the ratio that has prevailed over the past twenty years.† With that in mind, the low prices of fracturing natural gas would exploit the use of gasoline and the use of gas for winter homes. Those are some potentialShow M oreRelatedEnvironmental Awareness And Sustainability Project3152 Words   |  13 Pagesand is owned by Anglo Coal Australia. Currently coal seam gas is supplying 90 per cent of the Queensland’s domestic gas supply [4]. Hydraulic fracturing The aim of the fracturing is to open, connect and create fractures, as well as placing sand in existing and new fractures. Therefore it holds them open to provide a pathway for gas to flow more easily into the wellbore for extraction. The liquid chemical which is used in fracturing process is called the fluid. It is made up of water and sand (approximateRead MoreStrategic Marketing Management337596 Words   |  1351 Pagesmarketing/strategy interface Summary xi xiii 1 3 3 7 11 19 37 41 43 45 45 50 53 70 71 75 77 79 79 80 81 86 88 89 101 102 104 107 109 Stage One: Where are we now? Strategic and marketing analysis 2 Marketing auditing and the analysis of capability 2.1 2.2 2.3 2.4 2.5 2.6 2.7 Learning objectives Introduction Reviewing marketing effectiveness The role of SWOT analysis Competitive advantage and the value chain Conducting effective audits Summary 3 Segmental, productivity and ratio analysis 3.1 3