Fracking: News and Statistics Infographic
Drilling and fracking costs have been cut in half in just two years.
Every hole has a lesson. Each new hole is less expensive, more friendly to the environment, safer for workers, and requires less manpower.
The increased use of natural gas is leading to massive reductions in greenhouse gas emissions.
The cost of turning coke into steel, steel into pipe, NGLs into plant food, and ethane into ethylene is lower in the Midwest than the Caribbean, Western Europe or Southwest Asia.
Capital requirements are down by 20% in less than two years.
Jobs are being created, bills are being paid, savings are growing, and retail demand is rising.
No contamination of local water sheds was observed over a year-long study by the National Energy Technology Laboratory.
The US is now the world’s largest oil producer, exceeding Saudi Arabia, having passed Russia months ago.
The average American gained $1,200 in disposable income from the frac revolution in 2012.
36% of U.S. households have seen reduced utility bills as a direct result of fracking.
Charity Showcase
The One Acre Fund empowers farmers in Africa by providing them with skills and supplies to grow food and end hunger in their home countries. They have doubled farm income for every acre planted under their program. In 2012, they helped 130,000 families in Kenya, Rwanda, and Burundi. For more information, check out their website at http://www.oneacrefund.org.
Curator: John Kremer
