Sample Engineering Paper on Hydraulic Fracturing

Hydraulic Fracturing

Introduction

Hydraulic fracturing is not new to the members of the congress and the public. Its significance cannot be taken lightly in the context of generating numerous benefits to the nation and the world at large. Hydraulic fracturing is mostly employed in extracting crude oil and can hence be essential in the exploitation of natural resources. The state fully supports hydraulic fracturing as the idea is accompanied by multiple benefits compared to the cons associated with the process.

Thesis

The state has overlooked the issue of hydraulic fracturing, and has ascertained that the process, even though traditional, can be more beneficial compared to other methods of extraction. Fracking, which is the newest advancement in hydraulic fracturing, enables nations to access some oil reserves that had for a long time been inaccessible (Gidley 16). This means that the process can be used to facilitate growth in a nation’s energy industry, thereby creating more jobs for the citizens and foreigners in the country.

Hydraulic fracturing can on the other hand boost the economy of a nation. The process can help in accessing new reserves of oil. To exploit these reserves, labor forces will be employed hence creating jobs and reducing the level of unemployment in the country. The newly employed will earn income and hence the level of GDP in the country will rise. Extracted oil may be consumed locally or exported outside the world. If exported, the country will earn income from exports, which will eventually increase the level of GDP for the nation. An increase in the level of GDP will lead to economic growth (Holloway and Rudd 72).

Hydraulic fracturing can lead to self-reliance and self-sufficiency, as well as trade balance between a country and other countries. Self-sufficiency may be achieved where a country discovers and utilizes new oil reserves, hence extracting enough oil for its local consumption. The country will therefore cut on its oil imports from other nations and will hence utilize its own endowments. In the case of balance of trade, a country may extract its own oil from its new reserves, hence cutting on its oil importation, and maybe exporting its oil to other nations (Gidley 27). This will create a balance of trade between the country and other countries.

Conclusion

The state has looked at both the benefits and the demerits of employing hydraulic fracturing method for extraction and there are more benefits than demerits. With technological development, the method can be of great significance to the nation and its success can be perceived within a very short time. Hydraulic fracturing needs to be embraced by all nations to achieve both direct and indirect economic impacts.

Works cited

Gidley, John L. Recent Advances in Hydraulic Fracturing. Richardson, TX: Henry L. Doherty Memorial Fund of AIME, Society of Petroleum Engineers, 1989. Print.

Holloway, Michael D, and Oliver Rudd. Fracking. Hoboken, NJ: John Wiley & Sons, Inc., 2013. Print.