Fracking Pros And Cons

Udomvaranon, Chaviya (Vicky)
ID #00574612
Summary-Response Paragraph
Applied Critical Thinking
Date: 10/03/13
Final Draft
Fuel Fight
Summary (Part I) The article “Fuel Fight” (Adams, 2012) stated that fracking is a new technology that can get access to the new energy resource. It has many advantages for the U.S. but some organizations disagree with fracking project. The author mentioned that a lot of energy, which is being used in the U.S., is imported from many countries all over the world. For example, Canada, Mexico and Venezuela and Iraq are the primary oil exporters to the U.S. and more than half amount of oil that the U.S. uses is imported from those countries. Adam also mentioned that the U.S. energy companies are trying to
start getting energy from the new resources and trying to change the U.S. to be an energy independent country. For instance, if energy companies continue the project to crack the oil and gas, the U.S. will produce big amount of oil and gas which is enough to use in the country and the U.S. can stop importing energy from other countries because the U.S. has many rocks which contain oil and gas. Fracking seems to have many advantages for the U.S. but the author pointed out that many states are concerned about contamination from fracking plant which might impact their environment. In fact, New Yorkers want energy companies to prove about an environment effect of fracking before continue the project. Fracking is an interesting technology but it is a big issue between energy companies, who want to reduce an energy dependent situation in the U.S. and communities, who want to protect the environment.

Should Energy Company Care Social?
Response (Part II)
In the article “Fuel Fight”, Adams (2012) stated that there are many conflicts between energy companies and communities about the harmful effects of fracking.
Social responsibility is the primary strategy which companies should concentrate on if they want to succeed because it will help businesses to have a good reputation and to obtain resources from stakeholders (Jones &George, 2011). As the article says, the U.S. energy companies should research into the advantages and disadvantages of fracking and show how companies care about communities and environment. If they cannot prove that fracking is an environmental and human friendly technique, many people, who concern about potential harmful effect from fracking, will be against their projects. After that, those companies will have a bad reputation and the number of customers will be reduced. To be specific, a group of New York State residents who called themselves the “New Yorkers against Fracking” support banning fracking in New York City (“New Yorkers Against Fracking”, 2012). This is because they believe that drinking water will be contaminated with the wastewater which is used in fracking sites and they also believe that federal regulations have loopholes providing for energy companies. The energy companies might have a critical situation when the small group of people in New York City becomes a big group of people all over the U.S. The stock price and quantity of their sales will be decreased because people do not want to support some companies which have a lapse of societal ethics. In conclusion, placing importance on environment and social responsibility are the basic strategies which help businesses to maintain a good
reputation.

References
Adam, J. (2012, April 16-30). Fuel Fight: A look at the pros and cons of a controversial new drilling technique. Science World, 68(12/13), 16-17. Retrieved from ProQuest Research Library.
Jones, G. R. & George, J. M. (2011). Contemporary management (7th ed.). New York, NY: McGraw-Hill Irwin
New Yorker Against Fracking (2012). Retrieved from http://nyagainstfracking.org/