Fracking oil prices in USarticles literature review

Fracking oil prices in US obligates - Literature review Examplesenior representative at the Energy Department, the CEO of Pioneer subjective Re extensions, a task force member, the GM of the Midland BMW franchise, and the owner of Rustys Oilfield Service community reveal more information about this change in Americas energy orbit (Krauss and Lipton, 2012, p. 4).Dow and Jones writer Daniel Yergin sheds light on the same issue by asserting that todays unconventional-natural-gas whirling converted a shortfall into a huge surplus and changed the natural gas enterp organise (Yergin, 2011, p. 2). Yergins article cites an independent shale gas producer from Houston David Wessel as proof of this revolutionary change. Since Wessel began extracting in the early 1980s, he has witnessed an immense change in production and market growth everywhere the past decade in contrast to the 1980s and 1990s (Yergin, 2011, p. 5).Jeffrey Folks, from American thinker, agrees with Krauss, Lipton, and Yerg in about the decreasing oil costs across the human caused by fracking in the United States. Like Krauss and Lipton, Folks cites statistics from Bloomberg, CBC, the Wall Street Journal, Trading Economics, Forbes, and EIA (Folks, 2014). These figures point the rise in the production of barrels daily to fracking in the United States. Folks compares this effect to the hypothetical absence seizure of fracking in the United States and Canada. This comparison leads the article to contend further that this fracking revolution may carry on for decades as the United States economy revels in growth (Folks, 2014).H. Sterling Burnett of the National Center for Policy synopsis echoes Folks insights about the effect of fracking today in contrast to traditional oil production over the past ten years (Burnett, 2013). With the help of graphs representing recoverable natural gas and daily oil output, the article proves how even electricity providers are shifting to natural gas as a key source of pow er. This role could not have been possible today without an immense