By David E. Newton
The use of fracking is a drastically vital expertise for the restoration of oil and gasoline, however the merits and prices of fracking stay debatable. This e-book examines the problems and social, fiscal, political, and criminal features of fracking within the United States.
• offers readers with a whole historic evaluate of the origins, improvement, and enlargement of using fracking
• Explains the technical ideas with regards to using fracking in transparent, nontechnical language
• offers an impartial assessment of the arguments for and opposed to using fracking for the restoration of oil and gas
• offers a precis of the background of using fracking within the United States
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Extra resources for Fracking: A Reference Handbook
In 1895, only four motor vehicles (all passenger cars) were registered in the United States. That number rose slowly to 16 in 1896, 90 in 1897, 800 in 1898, and 3,200 in 1899. Motor vehicle sales began to take off after the ﬁrst decade of the twentieth century reaching the ﬁrst hundred thousand in 1906 (105,900 passenger cars and 1,100 trucks) and the second hundred thousand in early 1909. Thereafter sales and registration numbers began to take off, reaching 619,500 in 1911, 1,194,262 in 1913, and 2,309,666 in 1915.
All worldwide ﬁgures come from The Economic Impact of Oil and Gas Extraction in New Mexico 2009, Appendix B, pages 40–41). The United States obviously accounted for a very signiﬁcant fraction—just over 70 percent—of the crude oil being produced worldwide at the time. 3 also shows, signiﬁcant growth in the petroleum market did not begin to increase in the United States until after the turn of the twentieth century. S. Field Production of Crude Oil. S. n=PET&s=MCRFPUS2&f=A. Accessed on June 16, 2014.
A subdivision of this term is technically recoverable undiscovered resource, which refers to the amount of that as-yet undiscovered resource is likely to be recoverable using current technology. Contingent resources: Estimates of the amount of oil and/or gas that can be recovered from a resource that is not yet being used for any one of a number of economic, legal, regulatory, environmental, or other reasons. Prospective resources: An estimate of oil and gas resources that have not yet been discovered, taking into consideration 19 20 Fracking new forms of technology that may make the extraction of those resources technically and economically possible.