Hydrofracking Global Issue

Hydro frackings global impact Benefits Immediate declaration to the energy crisis in the future Fracking is a solution to an affordable energy supply to the world UKs future energy crisis due to low screw up retentivity and rely heavy on import. Exploring the hidden potential for natural gas nigh the world umpteen countries such as China, Australia, France, etc. have vast shale formation and potential for hydro-fracking natural gas. China has number 1,275 trillion cubic feet of technically recoverable gas compared to 862 trillion cubic feet in USLower energy be for other countries around the world mellow cost from buying shipping energy from other countries High costs to build nuclear plans for energy Global environment will benefit from hydro-fracking Solution to aim with global warning Carbon dioxin emission decrease as the USs emission decrease 7. 7% since 2006 import energy through pipeline cause environmental damage due to methane leakage during transit less(prenominal) toxic compared to nuclear plansJapans nuclear shut down after tsunami disaster due to the toxic tack together to the environment and people around the areas Benefit the countriess economies as wellas the worlds economy Partnership between China and the U,S gain more jobs and stimulate the economy in both countries Drawbacks Global environmentals negative change Shale gas lineage cause earth tremors possible earthquake but not strong and serious and only around the extraction area. Long-term risk for the underground water resources that might cause frequent ealth risks Political write up Many countries has not tapped the natural energy resource due to technical hurdle and political have sex due to the danger that hydro fracking can cause to the people live near the s France has strong public opposition to hydro-fracking Bulgaria ban it Poland welcome it but was charge with bribery during the awarding lease processin g and obnubilate the plans Pending environmental review in South AfricaHigh costs for different countries In some European countries such as Poland, the costs to drill is three times more expensive compared to Texas, US. Need of levy technologies to reduce drilling and extracting costs Geologiess differences issue Chinas shale formation are deeper underground, thus private property rights has hindered the development. The countrys biggest shale gas prize lay in the province that water is hard to come by.