Thursday, May 7, 2020

The United States Energy Industry Essay - 1431 Words

Natural gas is playing an increasingly important role in the global economy, rising to the occasion as an alternative to other fossil fuels such as coal because it burns cleaner. As the oil reserves in many parts of the world are being depleted, the availability of a viable alternative such as natural gas is becoming increasingly important. So too is the lure of the future possibility of energy independence for countries both developed and developing. In the last decade, oil and natural gas development have rapidly expanded in the United States, fundamentally reshaping domestic energy production. It is abundant both within the United States and around the world. Currently, natural gas provides 22% of the U. S. energy demands. It also†¦show more content†¦As the number of companies using the high-volume hydraulic fracturing process has expanded, so too has the scale of chemical activity. The long-term health and environmental effects of injecting large volumes of small concentrations of chemicals at this scale are uncertain and hotly debated. For years, American environmentalist groups have aimed their agenda against coal-fired generation plants as the leading villains in the climate change battle. Their censure is well directed. More than 83% of greenhouse gas emissions (GHGs) are in the form of CO2 with no one producing more of it than energy plants (Naff, 2014). At the same time, the Obama administration has declared an end to U. S. support for coal-fired electricity projects abroad. While the United States energy industry clearly still leads the way on the revolutionary drilling method, the rest of the world is beginning to catch up as nations seek to replicate American success in oil and natural gas development (Wolfgang, 2013). Taking the lead in Europe, Poland plans to begin producing shale gas using hydraulic fracturing, commonly known as fracking, as soon as next year, the country’s treasury minister said recently. More than 100 exploration concessions to more than two dozen companies have been awarded, and the Polish State Geological Institute estimates thatShow MoreRelatedEssay On Whats Next For U. S. Energy975 Words   |  4 PagesWhat’s next for U.S. energy? The coal industry in the United States has been a substantial job industry in states such as Wyoming, Kentucky, and Ohio providing up to over 76,000 mining careers in 2014 that area essential for the areas surrounding the mines but employment number is less than that of Arby’s, the fast food chain (Ingraham 2017). 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Body Paragraph 1 United States will be less dependent

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