Blog Description

Fraccing With Two C's is a blog focused on the highly controversial topic of hydraulic fracturing stimulation in the oil and gas industry. The title of this blog stems from the slang term for hydraulic fracturing as it is spelled in the oil and gas industry, which differs from that commonly used in the media and by the general public, 'fracking'. Fracture stimulation is also commonly referred to as fracing, but at Colorado School of Mines the Petroleum Engineering Department generally spells the slang term with two c's.

This blog will address some of the concerns, misconceptions, and recent news on this topic. Though personal opinions are present, we will remain factual and provide evidence for all discussions. We welcome comments of all sorts, whether they agree or disagree with our opinions, as long as they are appropriate for a classroom setting, since this is a project for a science communication course.

Monday, November 12, 2012

Energy Industry Supporting 3.5 million Jobs by 2035

With the current unemployment rate at a low of 7.9%, who wouldn't be excited to hear that any one industry could potentially support 3.5 million jobs by 2035? In our current economic position, statistics like that sound extremely appealing.

According to API President and CEO Jack Gerard, development of the United States' unconventional oil and gas resources could create 2 million new jobs over the next two decades. The energy industry could potentially be the main component in getting our nation back to where it was economically ten years ago. According to another article on America's Natural Gas Alliance, shale gas alone is expected to add 1 million new jobs not only in the field but also in related industries. This news sounds incredible, and I believe is completely attainable if and only if we continue hydraulic fracturing operations throughout America.

A major part of unconventional oil and gas operations is shale gas drilling. When drilling into shale, very little oil and gas will be produced unless the well is hydraulically fractured, "fracced." To make each of the wells profitable when they begin to produce, they must be fracced.  Knowing this, it is obvious that the industry will only be profitable and create new jobs if these wells are economically profitable once drilled.

What I am trying to get at in this post is that America needs hydraulic fracturing until there is a new technology developed to get the oil and gas out of the shale. If we slow down or discontinue fraccing operations, as a nation, we will not be able to produce nearly as much domestic oil and gas and will continue relying on other countries more and more.

-Aubrey Bagley

No comments:

Post a Comment