Under Saddam Hussein’s rule, Iraq faced UN economic sanctions that constrained the oil industry making trade very difficult. Although these sanctions have since been lifted, civil unrest and internal economic problems since the war have continued to disrupt supplies. Iran has an elected government but its politics are strongly influenced by religious leaders. This has damaged relations between Iran and the Western world and as a result the supply of oil from this region has been restricted. Political developments in the Middle East are therefore of great importance to the energy security of the rest of the world as the region possesses most of the worlds oil and gas reserves.
Hydraulic fracturing can and has helped many communities receive economic gains, thanks to the increase in gas and oil production. One could also look at the number of jobs that such innovations can bring to the table. On top of all that, there has been an economic boost due to the royalties and taxes compensated to the counties and
They believe if they don’t police the world and give aid in certain disasters they will be seen as tyrants and turned against by foreign nations, and it is a well-known fact that the US cannot survive without foreign supplies, especially with its constantly failing economy. One of the main foreign supplies the US depends on is oil. We can relate many of our foreign to our need of oil and right now our foreign oil is below 50 percent and our government is beginning to realize just how deep our foreign dependency is (debate). Foreign oil is the reason we went into the war in Iraq (debate). If we didn’t enter the war in Iraq we would have taken a major dip in foreign oil, and we are already running low (politifact).
The 21st Century Energy Boom: An In-depth Analysis of the Benefits of Hydraulic Fracking The controversy of hydraulic fracking is mainly funded by energy corporations and environmental organizations, with the government slowly encroaching after public outcry. With the bias of pro-fracking from energy companies wanting to make money from newly found American natural gas prospects and the anti-fracking claims from environmentalist who are against drilling or operations on American soil wanting very restricting regulations on fracking that would make the process cost more and thus not have the economic benefits that are present now. Through the use of several databases, I have found several different articles that strengthen both sides of
Economic Impact of Hydraulic Fracturing Microeconomics Abstract This paper will present several sides of the issue of hydraulic fracturing (fracking) for natural gas mining. It will highlight the need for a continued energy resource, address issues regarding the environment and look at the economic impact and future potential. So far the practice has been driven more by profits in natural gas than concern for its environmental impact. The fracking process has seen a significant boom in recent years, but has not been matched by significant regulations. The impacts on the environment, human health and the ecosystem are all areas that require well-thought, ethical decisions.
The Pennsylvania Act 13th is legislation that was passed by Pennsylvania legislation to provide “pro-business, clean-energy bill creating jobs, revenue and improving environmental laws surrounding drilling.” ("Fracking Democracy: Why Pennsylvania's Act 13 May Be the Nation's Worst Corporate Giveaway | AlterNet", 2012). When in turn this may not be the case at all once you ready the full legislative act. It has allowed them (companies of fracking) the basic rights to drill within 300 yards of any protect land for an example, wetlands and populated areas. It also helps over turn zoning laws that have been in place to help protect these people from the chemicals and air pollution that would be a result in closer proximity to their homes and community. This is also one of the first bills that has helped close a loop hole that discloses what is being used in the water while fracking.
In Fort Chipewyan cancer related deaths are on the rise, and are 30% more common than in southern Alberta. Growth in the number of people with an extremely rare cancer called the bile duct known to be associated with P.A.H.’s and oil pollution. Oil companies burn enough natural gas every year they can heat 3 million homes(“Crude Awakening”). Oil companies should find a more environmentally friendly ways to perform this action. Oil companies spend around $36 to produce a barrel of oil but a barrel of crude oil sells for about $90.
Water supplies have been contaminated due to companies not using proper procedures and there also have been seismic activity in areas where there is rarely seismic activity. Fracking’s economic benefits do not compensate for the destructions that we are doing to our environment for generations to come. Many people involved in the fracking industry want you to believe it is safe but when using the numerous chemicals there is no telling what can go wrong. “Water would simply sink into the rock without cracking the substrate. For this reason, the drilling companies must make a slick
Currently a dispute over oil drilling in Northern Alaska Coastline in the Arctic National Wildlife Refuge has been brought to light. Substantial oil reserves in the area have been uncovered and a ongoing debate over whether to drill in this land reserve has been brought to the public's attention. Much of the debate rests on the amounts over the econically recoverable oil pertaining its potential worldly circulation. Although, many argue to the distructive harm the oil exploration might have upon the natural wildlife the NAWR tries to preserve. Thus one must consider that the although the area may contain large reserves of oil, the NAWR specifically exists on constitutional ground of wildlife preservation for the virtue of nature itself.
(Deepwater Oil Exploration, 2006-2010). Although the process is extremely costly, the increase in oil prices beginning in 2007 made it a desirable industry in order to meet the insatiable need for oil in this country. Although there has been a segment of the population that has never been happy with our involvement in deepwater drilling, the Gulf oil spill this year has caused people to finally take a look at whether or not the process should be banned, given the unbelievably high price to pay when there is a spill of the nature that was experienced in