In this Work In Progress post, I have found what I believe to be the foundation of my argument on the fracking industry and whether or not it has or proven to be worth the risk. The left-wing side of the argument is centered around the environmental impact of fracking and undisclosed information regarding its process that some believe to be unacceptable in terms of regulations. On the right-wing side of the argument, supporters trust the companies to follow set standards while reaffirming the public that all the positives shale has produced and will do for the U.S. economy and energy freedom from other nations.
"Nature." Editorial. Nature.com. Nature Publishing Group, 03 Dec. 2014. Web. 26 Jan. 2015.
My original article from Nature states that the EIA has new found research suggesting that many people are drastically over estimating the amount of natural gas we have in our shale formations. They state that this is dangerous due to the collapse that it could bring upon the U.S. economy who is becoming increasingly reliant on this source of energy. I believe that the main point of this article is to raise questions, possibly unnecessary ones, over the new found industry that has such potential to relieve the U.S. from its past energy struggles.
"Shale." Financial Times. The Financial Times Limited, 18 Sept. 2013. Web. 31 Jan. 2015.
This article refers to the facts surrounding the argument that “the collapse of the fracking industry would be severely detrimental to the U.S. economy.” This article proves that to be false with facts such as the original, smaller investors in the industry continue to thrive while the big name companies, such as Exxon Mobil, fail when trying to enter the industry. This proves that a hit to just several companies would not be detrimental refuting one of the main arguments of the Nature article.
"Shale Economy." Bulk Transporter 76.4 (2013): 32. Business Source Complete. Web. 2 Feb. 2015.
This article solely focuses on the positive economic impacts that shake fracturing does for the U.S. economy. On major fact is that by 2020, more than 3.3 million jobs would have been created since the boom of natural gas. An expected $284 billion dollar increase is to be expected in the coming years due to the U.S. buying less oil from other nations and our larger exports of natural gas. This evidence that is provided should easily convince people that the pros far outweigh the cons.
Flowers, Seneca. "Fracking Chemicals' Secrecy Questioned." McClatchy-Tribune Business News [Washington] 13 Mar. 2014: n. pag. Print.
The author of this article comes out stating that the public has every right to know and comprehend what a company uses in its chemical solutions. I would like to counter that by just simply wondering what would happen to all the people and their jobs had a companies secret been released. There are rules and regulations for these kinds of things and I think in the end the greater good of the economy would come first seeing as we are exiting a recession and need as much help to fight debt as possible.
Smith, Nick. "Fracking Chemical Reporting Endorsed." McClatchy-Tribune Business News [Washington] 30 July 2014: n. pag. Print.
The author of this article supports a more right-sided agenda through his argument that the state government in North Dakota has regulated the industry enough so that both parties, the companies and the environmentalists, can meet at a middle ground. He supports the 3-page letter that was written by the EPA which was then approved my North Dakota officials. He states that a possible solution in place would be that an environmental group could help oversee the regulations and report any wrongdoing so that they would feel better about what was going on and give insight into the business that you couldn’t obtain without first hand experience.
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