One effect of hydraulic fracturing on economics is that it creates a huge increase in profit for natural gas sellers and drillers by opening up the opportunity to tap so much more natural gas than was available before. “North America has approximately 4.2 quadrillion (4,244 trillion) cubic feet of recoverable natural gas that would supply 175 years’ worth of natural gas at current consumption rates.” (Earthworks, N. Loris) Another way it affects the economy is that 10,000 jobs could be created by each drilling site that is opened. (N. Loris) However, a negative effect it has is that it costs about 2 billion dollars for each plant and extra for maintenance and disposal. One last affect hydrofracking has on the economy is it lowers natural gas prices by up to 15 dollars a gallon.
“The thousands of people who flocked to the mining towns in search of quick wealth and who failed to find it often remained as wage laborers in corporate mines after the boom period” (Brinkley, 2007). The working conditions were harsh and very dangerous. Many miners were maimed or killed. The mining boom occurred in many states including Colorado, Nevada, South Dakota, Idaho and Montana. With the influx of prospectors to these areas, boomtowns emerged almost overnight.
This includes exposure to light, pollution, weathering, erosion, and people walking through the sites, treasure hunters and vandalism. The damage done to Pompeii alone is expected to cost over 300 million US dollars to conserve the town, although due to the severe lack of funding this can be considered to be an impossible task. As both Pompeii and Herculaneum were initially excavated in the 18th century they have been standing exposed to the elements for hundreds of years, and so all structures have been affected by general deterioration over time. Excavations have left structures unstable and are on the verge of collapse. For example on November 6th 2010 the house of the Gladiators collapsed due to general deterioration and also heavy rainfall – see source B.
The initial impact was devastating which left about 300,000 people homeless out of a population of about 410,000. Many of the people were evacuated to nearby cities, and the others lived in makeshift tents on the beach of North beach. In fact years later in 1908 these refugee camps were still in operation. The overall cost of the damages was estimated at the time to be 400 million US Dollars (around 8.2 Billion present Dollars). The fires that were a direct result from the main shock and the aftershocks were just as damaging because of the uncontrollable burning from ruptured gas lines.
New Mexico was at one point the leading producer of turquoise in the United States until Arizona and Nevada took the lead. Now most turquoise mining has stopped do to the quantity and question of economics. Nevada has been the major producer of Turquoise since 1930. There are about 75 to 100 different mines that have produced high amounts of turquoise ranging in the thousands to millions of dollars. Associated with some of the turquoise deposits are two other gem materials that can resemble certain colors and shades of turquoise.
Because of the devastation of hurricane Katrina many of the United States oil refineries were damaged, causing a decrease in gas supply. The damage to the oil refineries cause them to be shut down. With many of the United States oil refineries shut down, the supply of crude oil was effect and that is what caused an increase in gas prices. Hurricane Katrina resulted in an immediate loss of nearly 1.5 million barrels a day of crude oil from the
Statues and painted mandalas in Mustang's temples collapsed and soon was lost beyond the mountains. Later in the mid 1990s, archaeologist began looking for more accessible caves. They found a lot of dead bodies that was 2,000 years old. Pete Athans first glimpsed the impossible to reach caves while trekking in 1981. He says, "it was his greatest expedition of his life."
Over one hundred million people live along its banks, trying to make a living off the extremely fertile soil it carries in its current. However, this amazing resource is also referred to as "China's Sorrow". It is referred to as “China’s Sorrow because yearly it floods, killing hundreds to thousands of people who could not flee. The main reason these people die is because there is no early warning system to indicate they should evacuate. Next, another example is monsoon rains.
This is shown by how there GDP is high, and the very large population. Productivity in China has also significantly increased in the last few decades. There are many different natural resources that can be found on China for example: coal, iron ore, petroleum, natural gas, mercury, tin, tungsten, antimony, manganese, molybdenum, vanadium, magnetite, aluminium, lead, zinc, uranium, hydropower potential (world's largest). China can make huge amounts of money by selling its natural resources to other countries where they may not be able to extract these resources from their own country. In 2006, out of all the consumer electrics in the world, 80% was exported from China.
Attacks by terrorists or rebels on important infrastructure and pipelines are a big problem for energy consumers. A big contribution to the energy crisis and shortages are strikes in the Middle East. This is a big problem because the Middle East has the largest oil production than anywhere else, meaning if there are successful strikes in the Middle East, there will be a global energy shortage as there is nowhere else that supplies as much oil as they do. Although, the U.S is now the world’s third largest producer, about 65% of our known oil supply has already been burned. The U.S has 4% of the world’s population yet consumes 25% of the world’s oil supply.