![]() Yet four years later, running for reelection, Donald Trump used the same script to try to best Democratic nominee Joe Biden in Pennsylvania. The shale gas “boom” was as ephemeral as Cruz’s presidential prospects. Shareholders are revolting wealth managers are divesting. Methane emissions associated with fracking are so pervasive that many scientists now think substituting natural gas for coal won’t reduce greenhouse-gas emissions. The petroleum industry has also taken a major reputational hit for its role in warming the planet while peddling climate-change denialism. As of April, the mining sector had the highest rate of unemployment in the country, at 15%. The oil and gas industry shed more than 100,000 jobs last year, and a report by Deloitte warned that about 70% of the jobs lost in 2020 may not come back this year-or ever. Chevron announced in December 2019 that it would write down up to $11 billion in shale gas assets. Some, like Anadarko Petroleum Corporation, liquidated their shale gas holdings. The stock prices of premier energy firms like Chesapeake Energy Corporation crashed (it declared bankruptcy in 2020). A wave of consolidations and bankruptcies swept across the sector. But nationwide, the glut of gas (and, to a lesser extent, oil) precipitated by the fracking boom depressed prices to their lowest levels since the 1990s. The entire model was premised on high oil and gas prices. With new wells facing average production declines of 60% in the first year, petroleum companies had to frantically drill more of them. Send us feedback about these examples.What happened? As a Bloomberg report put it, “The numbers never added up.” Fracking has always been expensive extraordinarily generous fossil-fuel subsidies helped hide the true cost. These examples are programmatically compiled from various online sources to illustrate current usage of the word 'fracking.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Marla Broadfoot, Scientific American, 1 Nov. Debra Utacia Krol, The Arizona Republic, 2 June 2023 Howell, who studies how to communicate controversial topics such as fracking and gene editing, says starting with emotions and values rather than with facts and figures can help to foster trust. 2022 The groups also expressed concerns about the effects of industrial development and fracking in the area. ![]() 2023 On the issue of energy security and fracking, Fetterman addressed his previous comments about a moratorium on fracking. Debra Utacia Krol, The Arizona Republic, 2 June 2023 In 1997, the 11th Circuit Court of Appeals ruled that fracking should be regulated under the Safe Drinking Water Act. 2023 The move was hailed by environmentalists and tribal activists as a step toward protecting the fragile site from the effects of fracking and resource extraction while also calling for greater protections than a temporary halt to new leases. Colin Jerolmack, The New Republic, 9 Jan. Debra Utacia Krol, The Arizona Republic, 2 June 2023 Most progressive politicians in America now denounce fracking and advocate for a rapid transition to renewable energy. Gregory Barber, WIRED, 19 July 2023 Alarmed at the proliferation of development and fracking activities in the area, a six-association coalition filed a lawsuit in 2019 challenging new drilling permit approvals. Recent Examples on the Web Creating an artificial underground reservoir requires using fracking to create cracks that join two parallel wells-one to inject cool water, and the other to get hot water out. ![]()
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