Before I even begin this article, I would like to explain what fracking is.
Fracking refers to a technique with which different mixtures of sand and water are forced into an oil well. These help in the creation of different fractures into the rocks that bear oil. This way, it gets to release more quantities of oil.
Now let’s carry on with the article because everyone now understands what fracking means.
All through the year, the United States has been predicted to become a high exporter of energy. Less than two decades ago, the fracking and shale revolution has turned the entire world of energy to different crazy sides. This shift has affected and harmed several different communities that have had to deal with operations on extraction.
How U.S. Energy Has Revolutionized
The merge of fracking, fracturing, and horizontal drilling has completely changed how the U.S energy has been revolutionized. The entire country has changed from completely relying on oil from other nations to producing enough oil for domestic consumption and exports internationally in less than two decades.
What the Shale Revolution Has Done
It has aided in the reduction of prices, it has also increased the strength the United States have geopolitically and it has helped landowners and entrepreneurs to remain wealthy. The United States is now predicted to turn into a great exporter of energy through this year.
Fracking as a Controversial Subject
The entire Fracking process is noticed and seen as a controversial topic. It has very serious harms to the local communities and the environment that is polarized by it. We have different opponents that argue that contaminated water and pollution by air have created regulations that are truly stricter in more cases than one. We also have proponents that have stated that there is no evidence or little that has linked gas drilling to pollution. An argument that’s common on issues like this includes that which states that burning natural gas is friendly to the environment that when one burns coal.
How Fracking is Increasing the Rate at Which Energy Is Being Exported
As the definition of Fracking is a technique with which different mixtures of sand and water are forced into an oil well. These help in the creation of different fractures into the rocks that bear oil. This way, it gets to release more quantities of oil. And with more oil quantities, the United States would increase the amount of oil that would need to be sold/exported to other countries.
How this Affects the Gross Domestic Product of the United States
With higher levels of exports of an important material like energy and oil, comes an increase in dollars of the Gross Domestic/National Product of the United States of America. It is simple economics you see. With very simple things like Fracking, the United States is doing all it can to increase the quality of living and the Gross National/Domestic Product of the country.