Sunday, January 19, 2014

Tip Sheet: Hydraulic Fracturing | Heartland Institute

http://heartland.org/policy-documents/tip-sheet-hydraulic-fracturing



Point 1: The Yale Graduates in Energy Study Group found the benefits of hydraulic fracturing exceed the costs by a ratio of 400–1.
Point 2: By using horizontal drilling techniques, producers are able to drill multiple wells from the same drilling pad, reducing surface disturbance while increasing access to oil and gas resources.
Point 3: Fracking fluid is composed of 99.51 percent water and sand, and .49 percent chemical additives, according to the U.S. Department of Energy. Such additives prevent corrosion in the well, reduce surface tension in liquids, stabilize clay particles, adjust pH, and eliminate bacteria.
Point 4: Shale gas production consumes less water per unit of energy generated than onshore oil production, ethanol production, and washing coal after it has been mined.
Point 5: Increasing reliance on natural gas has been a key reason why U.S. carbon dioxide emissions have fallen to their lowest levels since 1994 and are not expected to reach their 2005 levels again through 2040.
Point 6: Current available science and track record suggests moratoria on hydraulic fracturing are unnecessary.
Point 7: Low energy costs due to abundant and affordable oil and natural gas are projected to add one million jobs by 2025.

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