In the last ten years, ahead of waves of oil criticism, fracking or hydraulic fracturing has dramatically changed energy politics in America. Indeed, this dubious oil production method is a relief, as domestic oil production has tripled since 2005.
Fracking, or hydraulic fracturing, is the process of drilling down into the earth and injecting a high-pressure slurry mixture of water, sand, and other chemicals into the crack to stimulate horizontal wells, shale layers, and other rock formations in search of natural oil or gas. They believe that because of such techniques, such nations have been able to fuel energy costs.
The Mechanics of Fracking
Before delving into the environmental consequences of fracking, it is essential to discuss the fracking process itself. The first part of the process is a well or hole drilled into the ground to access the gas-bearing rock. This well can sometimes be more than a mile deep. After the well reaches the appropriate rock formation, the operator pumps a fracturing fluid of water, sand, and other chemicals into the well at high force. Fine cracks are made within the rock, enabling the flow of gas and oil.
Water is the most common ingredient used. One fracking job may require millions of gallons of water! It has raised questions about water usage, considering some areas face periods of drought. Sand, the other primary ingredient, keeps the cracks open so oil and gas can pass. The particular chemicals injected vary but generally include friction reducers and corrosion inhibitors.
So, what is the reason for the importance of this fracking? In addition to the technicalities of it, it has changed the energy picture in the United States. The geographies of North America have allowed for. Therefore, there is a decline in oil production due to the need for foreign oil, making the US one of the top global oil players. In 2019, for example, the US EIA reported data on 11 million barrels of crude oil capacity per day, the highest ever in history! This transition presents many changes in the security of a nation, economic policies, and even in the energy considerations of that particular nation.
Fracking and Trump’s Energy Agenda
As we consider President Trump’s emphasis on fracking, paying attention to other issues is essential. When Trump was sworn into office, he made energy independence his top priority, not energy dependence. His administration repealed many regulations that were seen as barriers to oil and gas exploration and production. This also meant loosening up on the prohibition of fracking, especially on federal lands.
As is the case back home, the assumption is that growing domestic supply will translate to economic and job growth. Oil and gas-related activities, which include but are not limited to drilling and transportation, employ millions of people in the US. Geographies of Texas and North Dakota, for instance, have seen an economic boom due to fracking, which has also led to the development of social facilities such as schools and hospitals and even the reinvigoration of small sectors like the housing market.
Additionally, Trump’s initiatives aim to save consumers energy. The government believes pump prices will be kept lower by encouraging more production from within the country. Such policies favor many Americans as they sometimes lead to lower fuel prices, which in most cases hurt the citizens.
Still, the attention directed to fracking has come with issues. Environmentalists have warned against the threat of increased drilling. There are fears that a lack of control over drilling activities will lead to water and soil pollution and the emission of toxic gases. Specifically, the use of chemicals in the fracking fluid, the potential for groundwater contamination, and the release of methane, a potent greenhouse gas, are among the environmental concerns. It is also argued that a carbon-heavy energy agenda counteracts climate mitigation strategies.
Balancing Energy Needs and Environmental Concerns in Fracking
The main aim has to be achieving the optimal level of energy generation while conserving the environment. Such sustenance as Trump encourages more fracking. Improvements in efficiency and lower emissions have been significant features of the oil and gas industries. However, some environmental effects are due to technological advancements such as improved monitoring systems and advanced water treatment methods.
How the well-freeing technique will be applied shortly also depends on how people will take it. As the public becomes more conscious of what goes into producing energy, there is an increase in the expectation for disclosure and responsibility. Reaching out to the locals is also essential. It can help create a positive attitude and support when companies are concerned about safety and the environment.
What Lies Ahead for US Energy Policy?
So, how will fracking be integrated into the US’s future energy policies? The phrase has changed with the Biden administration’s push for ideologies promoting renewable energy sources. However, Trump’s concern with the Order of the oil reserves explorations and productions within the US, a policy aimed at increasing domestic oil and gas production, is still central to the discussion. Most people think the best solution would be a mix of energy sources based on fossil fuel and renewable energy sources.
Effective utilization of renewable energy resources is still tasking, which means that drilling for oil and gas will continue to be relevant for some time. In such situations, policymakers need to underline the long horizons of the policy’s effects. A better strategy must incorporate both these elements from the beginning to avoid the pitfalls of economic imperialism and its capitalist overtones.
The Economic Impact
The economic impact of fracking on America’s economy has been significant and promising. The increase in domestic oil and gas supply has not only opened hundreds of job opportunities in various fields but also led to the development of new industries and activities. A 2020 study by the American Petroleum Institute revealed that in 2019, the oil and natural gas sector provided and supported upwards of 10 million jobs in the United States alone. These jobs span across various skilled trades and professional services, promising a bright future for the workforce.
In addition, the economic advantages of fracking are not confined to employment. More oil and gas production has also correlated to decreased gas and power prices for the end-users.
Furthermore, several states have reaped significant revenues from adopting such procedures. The tax revenues from oil and natural gas extraction help provide many services, such as health care and building roads. This kind of sponsorship can be essential for municipalities, especially in those parts where service maintenance is only possible.
The Future of Fracking Amid Changing Policies
The rise and fall of attaches directly correspond to the ease and usage of fracking. With the Biden administration focused on tackling climate change through renewable energy sources, attention to fracking may decrease. Then again, new limitations might be introduced regarding the effects of fracking on the environment, and production might decline.
In any case, no one is shy about consumable oil and gas. Even though the world is already moving to greener energy sources, dinosaur juice will remain part of the global energy basket for many years. It means that there is room for growth in the fracking business.
When considering the relationship between Trump’s politics and energy production in the US, we have to describe fracking as a critical and helpful method. This process caused changes in this country’s energy sector, producing its share of advantages and disadvantages. As energy policy is one of the most challenging issues for America, such energy development matters have to find a way to coexist with economic growth without ruining the environment.
