geologic formation containing natural gas that stretches across much of the Eastern U.S.‚ from New York to Tennessee. It has been a topic of hot debate over the past few years and continues to be a point of contention between landowners‚ governments‚ institutions‚ and private companies‚ even earning the attention of President Obama in his 2012 State of the Union speech. While geologists have known of the Marcellus Shale for years‚ early estimates of the amount of natural gas contained within it were fairly
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government bonds from 1980 to 2005 was also provided. History EnCana Corporation is one of North America’s largest natural gas producers‚ with about 95 percent of its production being natural gas. Its strategy is to be a natural gas pure-play company focused on the development of unconventional resources. The company produced 1.1 trillion cubic feet of natural gas in 2009. The company’s oil sands growth profile was one of the most aggressive in North America‚ with an additional 500 MBD (millions
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Energy Source Initial Cost Monthly Cost Energy Output Natural Gas $1.5 billion $1‚000‚000 1‚000 Megawatts Solar Power $3.5 billion $300‚000 1‚000 Megawatts Hydroelectric $350 million $500‚000 1‚000 Megawatts Wind power $3 billion $500‚000 1‚000 Megawatts To ensure the city will remain within the designated budget‚ it was first a requirement that investments be made into cost effective sources‚ such as that of Natural Gas. Natural Gas is of course a non-renewable resource; however the benefit
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Methane Primary Threat Considered Secondary Issue Methane (CH4) is a hydrocarbon that is a primary component of natural gas. It is a greenhouse gas present in the atmosphere‚ which affects the earth ’s temperature and climate system. Next to carbon dioxide (CO2)‚ Methane is the second most prevalent anthropogenic Greenhouse Gas. Although there is far more carbon dioxide (CO2) pollution than methane and soot pollution‚ Methane is far more potent. To what extent does Methane effect climate
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the fracturing fluid is removed. Fluids found within the rock formation include gas‚ oil‚ and salt water. Fracturing within the well (borehole) is controlled by methods that create or seal holes in the side of the well and this releases natural gases and oils from pores within the rock. 2. Economic Impacts “Hydraulic fracturing is seen to have the potential to reduce our reliance on foreign fuel imports”. [1] Natural
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unemployment rate‚ create many years’ worth of natural gas and crude oil in the United States‚ and reduce domestic imports of crude oil and natural gas‚ which would then improve national security. There actually is a technology that does such things. It’s called hydraulic fracturing‚ but it isn’t necessarily new. Hydraulic fracturing has been around since the 1940’s but has really started to boom in the mid-2000’s. it is the process of releasing natural gas from compact rocks‚ mostly from shale. The
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poses many benefits. The oil and gas industry is one of the biggest industries in the United States. Fracking is the process of injecting water‚ sand and small amounts of chemicals into the ground‚ causing shale to crack‚ releasing natural gas. We don’t have a choice; we depend on fossil fuels every day to survive. Fracking provides many economic benefits that outweigh the disadvantages associated with the matter. As population increases‚ the demand for natural gas increases. A “study commissioned
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controversy of natural gas drilling‚ the job of petroleum engineers‚ has become a highly talked about issue. The population that is against it does not know the vast amount of good that comes from drilling. Those people do not understand the amount of foreign dependency the United States relies on in order to keep the consumers satisfied. They also do not understand that the reason for the inflation on gas prices is because we are not utilizing the gas we have in our country. The impact of natural gas drilling
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fracking. Originally created in the 1940’s‚ fracking became more used in the early 2000’s after large name corporations invested in expanding natural gas exploration (Burton). The process is quite simple; the idea is that millions of gallons of water‚ sand‚ and other such chemicals are pumped into the ground to break up shales of rocks that then release natural gasses (Osborn). The gasses are then able to move freely to the wells. Most of the fluid sent to the ground are sand and water; the process
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hydrogen are by reforming natural gas‚ or electrolysis of water. Reforming natural gas is a method to produce hydrogen by exposing natural gas to high temperature steam‚ and convert carbon monoxide with steam to produce additional hydrogen and carbon dioxide. The production process of electrolysis is to use electric energy to split water into hydrogen and oxygen gas. Two of the methods to store hydrogen are compressed gas storage tanks‚ or liquid hydrogen. Compressed gas storage tanks are the storage
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