As with all controversies, both sides think that they are right—and hydraulic fracturing, or fracking, is certainly no stranger to controversy.
Originally published as a main feature story in Energy Digital's monthly magazine, this piece addresses the top arguments on fracking head-on, attepmting to separate fact from fiction. Click here to read the entire article.
In the first post of this 4-part web series, we explored Argument No. 1: Fracking will worsen climate change.
In this post, we focus on the second main argument in the ongoing controversy surrounding fracking:
Argument #2: Renewable energy is replacing fossil fuels and other sources of nonrenewable energy.
The Energy Information Administration claims that combining solar and wind energy will only make up about 10 percent of the power generated just in the United States by 2040.
When we look at how much stock Germany put into renewable energy, it seems apparent that fossil fuels are going to be hanging around a little longer.
On the other hand, the EIA estimates the U.S. has 2,552 trillion cubic feet of potential natural gas resources.
[For a full report on the EIA's Annual Energy Outlook 2015, check out the video at the end of this article.]
On top of that, fracking is directly responsible for a substantial 47 percent drop in the price of natural gas, compared to what the prices would have been had fracking not been so widely employed in 2013.
Click here to read The "problems" with fracking (part 1), and look for The "problems" with fracking (part 3), coming soon to Energy Digital!
Click here to read the September issue of Energy Digital