The positives of fracking make the technology invaluable in the oil and gas industry. It involves drilling down into the earth’s crust and then directing a high-pressure water mixture at the rocks to release the gas inside. The sand, chemicals, and water injected into the rock at high-pressure force the gas to flow to the well’s head on the surface.
Hydraulic fracking is a common practice in the oil and gas industry in the U.S. The process has significantly increased the production of oil and natural gas in the country. It has strengthened energy security, reduced energy prices, and reduced air pollution by displacing coal energy production.Fracking has significantly improved oil and natural gas production in the United States. Learn all the other positives of fracking in the U.S. economy. #BOPProducts Click To Tweet
Now, let’s explore all the positives of fracking in the oil and gas industry.
Main Benefits of Fracking
The fracking process comes with numerous benefits, including improved economic activity, housing prices, and employment income. It has also lowered carbon dioxide emissions in the atmosphere, reducing the negative health impacts of emissions to the people working in the oilfields and the communities around the drilling sites.
Lower United States Energy Prices
The increase in oil and gas production has significantly increased the oil and gas supply in the United States, lowering the energy prices. That has helped many American families and businesses that rely on the two energy sources save more money. The lower gas prices have even lowered the United States’ dependence on foreign gas.
Strengthen Energy Security
Fracking has upended the U.S. energy system, strengthening the country’s energy security. The production of oil and natural gas is at its peak, driving down gas prices. According to the U.S. Energy Information Administration (EIA), U.S. crude oil production in 2018 likely exceeded Saudi Arabia’s for the first time in over 20 years.
Fracking Has Great Benefits
The countless positives of fracking make the technology a novel energy discovery of the last half-century. The process has steadily increased oil and natural gas production in the United States. As a result, it has lowered energy prices, improved air quality due to reduced carbon dioxide emissions, and improved the country’s energy security.
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