oil

Macro Economics Macro Viewpoints

Fossil Fuel Fracking

The low cost of fracking has brought an economic boom to fossil fuel production. Here in Ohio more than 200,000 jobs are expected to be added in the next three years. New technologies like SteriFrac are being developed to make it more environmentally friendly. However, the environmental impact must also be measured overseas. Iran, Qatar and Russia control 70% of overseas reserves and their primary focus is likely to be profitability.