Hydraulic fracturing, or “fracking,” has made its place in the oil and gas industry. Soon, the Environmental Protection Agency and President Obama will weigh in on fracking. The International Energy Agency just released a report last week, predicting that the U.S. will be the world’s largest oil producer. The U.S. will surpass Saudi Arabia in oil production and no longer be dependent on Middle Eastern Oil supplies. In addition, by 2030, the United States is predicted to be energy self-sufficient.
Fracking has greatly impacted the oil and gas industry. It may be the latest and hottest method to obtain oil and gas. But, the official decision for implementation is waiting on President Obama and the Environmental Protection Agency (EPA). Next month, the Environmental Protection Agency produces its long-awaited report on fracking. RigZone tells us that the EPA’s report will include “suspected links between water pollution and fracking, which uses huge amounts of water, combined with sand and chemical mixtures, to crack underground rock and release trapped oil and gas.”
The Environmental Protection Agency’s report on fracking will be a key predictor to President Obama’s decision on fracking. Next month’s report will not be the final product, simply a first draft will be produced and publicized. However that first draft will be very indicative of fracking’s future as well as where our nation’s oil and gas companies will be headed.
While environmentalists have had their say, at this time, the economists and the politicians are speaking even louder. With the forecasted fiscal cliff and the potential for growth within the oil and gas industries as a result of fracking techniques, many high-powered individuals are pulling for fracking. Not only will fracking techniques create more jobs, the United States may have the number one position within the oil and gas industry by using fracking techniques.
The United States has already seen a great demand for oil and gas. According to this RigZone article, “The shift is driven by increases in oil extraction and the production of natural gas, which since 2007 has gone up from 20.2 trillion cubic feet per year to more than 24 trillion cubic feet and likely will go even higher.” There are no signs indicating any stop of this growth. The Environmental Protection Agency and President Obama will weigh in later this month.
Alongside the growth in the use of fracking techniques, the oil and gas industry is applying other technologies to the industry to further drive profits and efficiency. The state of the art mobile data collection tools have been increasing job productivity while also increasing company profits. Using mobile data collection tools allows workers to collect and track data from anywhere. Check out COMMANDmobile to learn more about how to help your organization.