It may be argued that unlimited fracking only holds negative consequences on the economy of the United States. However, to some extent, unlimited fracking has beneficial to the economy of the United States. The supporters of the fracking process have argued that economically, it provides thousands of jobs and especially to the economically depressed regions. For example, fracking has already provided jobs for many people in Southern Tier, which is a region along the northern border of Pennsylvania. The state of Ohio has also been reported to have the potential to create many jobs from fracking in the near future (Lydersen midwestenergynews. com). The United States natural gas reserves have been increased to 75% by fracking and this is advantageous to the economy (Pierce 2-3).
This will increase manufacturing activity by reducing the cost of energy. It will also boost the economy as the costs of transportation will be reduced since heavy trucks, construction equipment and trains will be converted from expensive petroleum consuming machinery to machinery using cheaper natural gas. Fracking has also boosted the economy as the costs of paying for natural gas by the consumers are minimal (Pierce 5). The chemicals used during the fracking process have been exempted from the federal disclosure laws.
This is due to the famous language of the federal law in 2005 known as Halliburton Loophole, which exempts drillers from the Clean Water Act. There are a number of states that have passed their disclosure laws that the drillers should disclose the kind of chemicals that they use when drilling; a good example is Pennsylvania. Other states such as Colorado have not yet passed these laws, but they have reached that point since they are in the process of writing the disclosure regulations. It is very surprising to find that fracking has consequences even in politics.
Over the years, Britain has been seen to copy almost everything from America and recently, they have been eyeing the energy revolution in America that has come with fracking.
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