Question

How might fracking aid in improving the economies of countries throughout the world? A) Fracked gas will displace efforts to develop cleaner, non-carbon energy resources. B) There will be a decreasing reliance on oil, and more specifically on Russian oil as well as Russian gas resources. C) Countries that employ fracking techniques will have to develop industry practices that mitigate the effect of drilling and fracking on the local environment. D) Natural gas prices will fall; jobs will be created both directly in the gas industry and indirectly as regional and national economies benefit from lower energy costs.

Answer 1

D) Natural gas prices will fall; jobs will be created both directly in the gas industry and indirectly as regional and national economies benefit from lower energy cost.

Explanation:

The fracking is something that can boost the economies, not just on national but also on global level. While this process is very bad for the environment, it is the opposite for the economy. There are two main reasons as to why the fracking will have positive economic influence, one being the lower price in natural gas, and the other being opening more jobs and development of businesses.

The gas industry needs lot of workforce, so if the fracking is implemented, lot of people will get jobs, a well paid ones too. Also, increased competition on the market and easier availability of the natural gas will result in lowering of the price of it. Lower prices will mean that the businesses will be able to develop further, many more to recover, as well as starting of new businesses, which in turn will mean that millions of people will get jobs because of the demand on the labor market.