Hydraulic Fracturing or Fracking. Process -Drill horizontal line -Charges detonate blasting small holes in the shale -Pressurized fluids are pumped into.

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Presentation transcript:

Hydraulic Fracturing or Fracking

Process -Drill horizontal line -Charges detonate blasting small holes in the shale -Pressurized fluids are pumped into the holes -These fluids create fractures -Fractures release trapped gas -Gas flows to the surface and is collected

Role of Consumers -Demand of gases produced by fracking -For heating homes -Gas fire places -Stoves -Hot water -Vehicles -The natural gases produce electricity -20%-30%

Role of Multinational Corporations -Almost entirely used for electricity -Used to manufacture -Steel -Glass -Forest products -Clothing -Cement -Fertilizer -Petrochemicals -Polyethylene

Role of international community -Generates many jobs -Over 315 billion $ in North America -Natural gas is cleaner alternative to oil and coal etc.

Environmental Risks -Equipment -Disposal of waste water -Radioactive contamination -Seismology risks -Contamination of -Ground water -Air quality

Suggestions More research in equipment and efficiency Promote clean procedures Regulate consumption and production Limit emissions and waste produced by fracking

Solutions Tax cuts for “greener” productions Government funding for research into better technology Use tax to regulate consumption and production Use tax to regulate consumption and production Taxes for emissions over an established quota