...Fracking and its major implications it has on the earth In today’s day and age, societies are a lot more aware of the environment and furthermore, concerned for the Earths sustainability. Although this is the case for most, Multinational Enterprises (MNEs) often target developing countries that are rich in resources and therefore take them for all they’ve got. One such example is fracking the earth, in order to extract natural gases that could potentially benefit corporations and contribute to their bottom line dramatically. Although this has it’s positives, the implications of fracking could have incredibly serious repercussions, particularly the preservation of the earth and it’s current resources. “Fracking” is the process in which one would drill thousands of meters below the earth’s surface and inject fluid that is then pumped into the shale at an incredibly high pressure, which then shatters the rocks in order to release shale gas. This particular natural gas is trapped within sedimentary shale rock formations and is found richly in many areas of the world. Fracking breaks most of the regulations in the sustainable environments handbook, and as you can imagine, this causes a massive up brawl in the societies that are pro-environment and sustainability. Although this point of view is prominent and relevant, the opposing side has an equally compelling argument. Global thoughts on the idea of fracking Globally, the topic is thought to be both “one of the best...
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...Dangers of Fracking Hydraulic Fracturing, also known as fracking, is a process used in nine out of 10 natural gas wells in the United States, where millions of gallons of water, sand and chemicals are pumped underground to break apart the rock and release the gas. Scientists are worried that the chemicals used in fracturing may pose a threat either underground or when waste fluids are handled and sometimes spilled on the surface. Extracting gas from shale increases the availability of this resource, but the health and environmental risks are, in my opinion, too high. Before I get rolling on the impacts of fracking, let me first present you with a little history behind it. Hydraulic fracturing of wells was first introduced in 1947 by Stanolind Oil. 1,000 gallons of naphthenic-acid and-palm-oil-thickened gasoline was injected, followed by a gel breaker, to stimulate a gas producing limestone form at 2,400 ft. Although there wasn’t a tremendous increase in production, this was a start. In 1974, Congress passed the safe drinking water act to protect underground sources of drinking water and the Environmental Protection Agency required Underground Injection Control permits under the SDWA for any injection of a fluid. The Environmental Protection Agency also banned the injection of most hazardous materials and mandated regulation for all injected materials. However, hydraulic fracturing was unhindered by these new regulations because, the same year, the Environmental Protection Agency...
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...Figure 2: GHG Eissions Associated with Oil Extraction 12 Figure 3: Deepwaater Horizon Impacts 12 Introduction The topic of this document is shale oil and gas, and the issues surrounding their extraction and usage. The terms oil and gas are used interchangeably in this article, however they technically are different substances. The issues and economics attached to the two substances are similar, and thus are discussed as a group. This document will begin with an analysis of what hydraulic fracturing (fracking) actually is, as a lot of controversy and misinformation has been released around it. Afterwards the economics of the shale boom will be analyzed, from both a local, national, and international perspective. Finally the environmental impact of shale gas will be discussed, as this is the major concern surrounding the technology. What is Hydraulic Fracturing? Fracking is the term most often used to describe the process of hydraulic fracturing. Unknown to most, fracking is not an altogether new technology. It has been used sporadically since the late 1940’s, but advances in oil and gas production technology in recent decades have made it an increasingly viable option in the extraction of these two fuels. In the case of gas production, these improvements have allowed access to trillions of cubic feet of the material, and could turn the United...
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...Sex and advertising: Retail therapy | The Economist 18/10/2012 22:28 Log in Register Subscribe Digital & mobile Events Topics A-Z Newsletters Jobs Thursday October 18th 2012 Search Multimedia Print edition World politics Business & finance Economics Science & technology Culture Blogs Debate The World in 2013 We use cookies to support features like login and allow trusted media partners to analyse aggregated site usage. Keep cookies enabled to enjoy the full site experience. By browsing our site with cookies enabled, you are agreeing to their use. Review our cookies information for more details. Sex and advertising Comment (28) E-mail Print Reprints & permissions Retail therapy How Ernest Dichter, an acolyte of Sigmund Freud, revolutionised marketing Dec 17th 2011 | from the print edition Like 1.7k Tweet 874 Advertisement THESE are thrilling days for behavioural research. Every week seems to yield a new discovery about how bad people are at making decisions. Humans, it turns out, are impressionable, emotional and irrational. We buy things we don't need, often at arbitrary prices and for silly reasons. Studies show that when a store plays soothing music, shoppers will linger for longer and often spend more. If customers are in a good mood, they are more susceptible to persuasion. We believe price tends to indicate the value of things, not the other way around. And many people will squander valuable time...
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