![]() ![]() It has drastically reduced the cost of natural gas across theĬountry, benefiting energy-intensive industries in an otherwise perilousĮconomic climate. Without question, fracking is a boon to many Americanīusinesses.Asīusiness moves forward, however, business leaders must consider whether changeįracking poses several benefits to America’s economy and business environment: Without question, fracking represents aĬhange (and an extraordinary innovation) in America’s oil and gas industry. United States have imposed moratoria or outright banned the practice. Germany, Spain, and England) and nearly 100 city and state governments in the Impact into question, and more than a dozen countries (including France, ![]() Several unsettling findings have brought the practice’s long-term environmental Provides access to rare fossil fuels that could not otherwise be collected,įracking is flourishing in many parts of the United States and Canada. the world’s largest natural gas producer by 2017. Energy Information Administration expects this trend toĬontinue, making the U.S. natural gas reserves increased by more than 75 percent betweenĢ0. Because so many oil and gas companies have turned towardįracking, U.S. States and Canada, fracking is most commonly used to extract natural gas from Recently become technologically and financially viable as a large-scale, Traditional oil well production rates since the 1940s, but the process has only The sand mixed into the liquid keeps the fissuresįrom closing in on themselves, creating pathways through which natural gas and As the pressurized mix expands, the liquid breaks the rockĪpart, creating fissures. Of liquid and sand is pumped down a well into sheets of rock located deep below Known as fracking, hydraulic fracturing is a process whereby a pressurized mix In recent years is the oil and gas industry’s move toward hydraulic fracturingĪs an alternative to traditional well mining. To wit, one of the most controversial business changes May lead some to wonder if the pursuit of innovation is always worth its Still, before aĬompany can initiate a change, it must weigh the ethical, financial, andĮnvironmental impact of its actions. Is a willingness to lean forward and embrace this change. Technological change is inevitable, and one of the keys to a successful business In this chapter, business moves at breakneck speeds. To others it is only dangerous and delivers very little benefit to the economy (for something which is only a short term measure anyway) for maximum damage to the environment.A Fracking Fracas: How Much Innovation Is Too Much? ![]() To some it is a short-term stopgap for dealing with our increasing energy needs while our energy requirements of the future are secured. ![]() Graduates in GIS (Geographic Information Systems / Science) will also find useful employment in the petrochemical industry and with the technology still being realised, a first degree will usually be enough - though some more advanced jobs may request MS / MSc or a PhD.Īt the moment, it appears there is no greater environmental issue - or one so politically divisive - as fracking. Because of this vital industry and the wealth of jobs available, typically graduates with a BS / BSc can expect a good entry-level job. Most people involved in technical aspects of the fossil fuel industry are geology graduates. Those most involved in the study and procedures of fracking are geologists as it concerns natural processes of the ground beneath our feet - the soil and rock formations and of course the fossil fuels that organisations and governments wish to exploit. ![]()
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