Hydraulic fracking allows for mining of crude oil in areas that other means of extraction such as typical fracking cannot work. Hydraulic fracking allows for extraction of crude oil in ranges that have for a long while been thought to be dried or did not hold any mineral value. When rural fields are declared to have minable crude oil, the economic value of such a land automatically goes up. Areas with oil mining going on attract miners, investors, transport companies and engineers among other people, hence raising the economic value of such areas (King, 2012). There are several towns with a strategic economic importance that have risen as a result of oil mining and therefore increased mining activities brought about by hydraulic fracking eventually means more businesses to serve the miners.
Creation of employment opportunities is another positive impact of hydraulic fracking in the United States. According to King, the massive oil and gas energy industry in the country provides employment to hundreds of thousands of Americans (2012). Therefore, by hydraulic fracking making fields previously thought to be dry productive again, it creates more jobs. Reduction in unemployment rates with other factors held constant means that the spending power of the population is goes up, and hence more people can contribute positively to the economy. King reports that increased use of hydraulic fracking has drastically raised the oil produced in states such as North Dakota and Pennsylvania (2012).
Hydraulic fracking allows for an increase in the production levels of energy in the country. A rise in the supply of oil translates to a reduction in the cost of the commodity (King, 2012) Reliance on oil for production of electricity and as a commodity for export helps in improving the economy of the United States through foreign exchange and taxes.
Reference
King, G. (2012). Hydraulic Fracturing 101: What Every Representative, Environmentalist, Regulator, Reporter, Investor, University Researcher, Neighbor, and Engineer Should Know About Hydraulic Fracturing Risk. Journal of Petroleum Technology, 64(04), 34-42. http://dx.doi.org/10.2118/0412-0034-jpt
