Lt. Governor Tom Crawley wrote an op-ed in the Scranton times stating that the natural gas industry had created 30,000 jobs, with another 200,000 workers in related fields. With all of the controversy surrounding natural gas drilling there is certainly credence to both sides of the argument. Only time will tell which side
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.
For example, of the four main parts of heavy industry; Coal, Iron, Steel and Oil, only the targets for oil production were met and exceeded by 1932. However, the economy grew by 14% every year and the rest of heavy industry did grow, Iron went from an annual production of 3.3 million tonnes in 1928 to 6.2 million in 1932. The second plan (1933-38) was a more conservative version of the first, with a larger focus on consumer goods. However, these were superseded towards the end of the plan with a focus on military equipment and production, as Stalin was predicting a war with Nazi Germany. Transport and electricity output was expanded to help meet the growing demand of industrialisation.
Although we may be able to sustain a planet with some kind of civilization, the earth that we knew is gone. Oil and fossil fuels are attributed to manual labor and why we are prosperous and why our economies have grown. It is also why we have global warming and acid oceans. Rising temperatures and depleting oil reserves go hand in hand. Modernity may cease with global warming as half the biggest companies are oil companies, and oil is the essence of life.
The national energy program The 1970s were a difficult economical period for the young developing country of Canada. During that period the oil prices were at its peak, and other economic problems were beginning to manifesting themselves. Unemployment was epidemic in the eastern provinces where the Trudeau government had much of its political support. (Edward A p12). Hence for the Prime minister wanted to help the eastern part by the means of controlling prices of oil on the west, introducing the national energy program.
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.
1. 15.8 g of KCl is dissolved in 225 mL of water. Calculate the molarity. 2. Calculate the mass of KCl required to prepare 250. mL of 0.250 M solution.
Fort McMurray, Alberta has one of the largest petroleum deposits in the world. One thousand times more oil then Saudi Arabia’s which makes Canada a safe oil resource for the world. This equals out to the same area as the State of Florida of oil filled land. The expense oil does not only come financially but environmentally. Fort McMurray is responsible for two thirds of Canada’s pollution and to mine this oil all trees must be cleared in the area which can vary from 4 to 6 square miles at
Methanex had become the world’s largest producer of methanol, with production and trade all around the world. It became successful in large part due to its cost leadership by continually seeking remote locations where natural gas was stranded, and also due to its reliable delivery by developing its own Waterfront Shipping Company. By 2012, Methanex produced roughly 7 million tonnes of methanol, taking about 16% of the global market share. However, Methanex was faced with strategic issues at this moment from both demand and supply sides. In the demand side, Methanex’s revenue was exposed to the fluctuation of the demand for methanol, since Methanex only produced methanol.
Not only will the massive amounts oil produced from this area have an effect, it is estimated to create anywhere from 250,000-735,000 jobs. Just for a reference as to how much this will boost the economy, since 1977 the North Slope oil development has pumped 500 billion dollars back into the economy. This is now slowly running out of resources considering it reached its peak production in 1980; however to continue boosting the economy more exploration needs to be done. (source 2) Action needs to be taken immediately because from the date of approval to exploration it takes anywhere from 7-12 years until the first barrel of oil is recovered. (Source 1/3) The 16 billion barrels of oil that lie untapped there would be more than enough to replace the oil Americans would purchase from Iraq for over 58 years.