Fracking Pros And Cons
Udomvaranon, Chaviya (Vicky)
ID #00574612
Summary-Response Paragraph
Applied Critical Thinking
Date: 10/03/13
Final Draft
Fuel Fight
Summary (Part I) The article “Fuel Fight” (Adams, 2012) stated that fracking is a new technology that can get access to the new energy resource. It has many advantages for the U.S. but some organizations disagree with fracking project. The author mentioned that a lot of energy, which is being used in the U.S., is imported from many countries all over the world. For example, Canada, Mexico and Venezuela and Iraq are the primary oil exporters to the U.S. and more than half amount of oil that the U.S. uses is imported from those countries. Adam also mentioned that the U.S. energy companies are trying to …show more content…
Social responsibility is the primary strategy which companies should concentrate on if they want to succeed because it will help businesses to have a good reputation and to obtain resources from stakeholders (Jones &George, 2011). As the article says, the U.S. energy companies should research into the advantages and disadvantages of fracking and show how companies care about communities and environment. If they cannot prove that fracking is an environmental and human friendly technique, many people, who concern about potential harmful effect from fracking, will be against their projects. After that, those companies will have a bad reputation and the number of customers will be reduced. To be specific, a group of New York State residents who called themselves the “New Yorkers against Fracking” support banning fracking in New York City (“New Yorkers Against Fracking”, 2012). This is because they believe that drinking water will be contaminated with the wastewater which is used in fracking sites and they also believe that federal regulations have loopholes providing for energy companies. The energy companies might have a critical situation when the small group of people in New York City becomes a big group of people all over the U.S. The stock price and quantity of their sales will be decreased because people do not want to support some companies which have a lapse of societal ethics. In conclusion, placing importance on environment and social responsibility are the basic strategies which help businesses to maintain a good
ID #00574612
Summary-Response Paragraph
Applied Critical Thinking
Date: 10/03/13
Final Draft
Fuel Fight
Summary (Part I) The article “Fuel Fight” (Adams, 2012) stated that fracking is a new technology that can get access to the new energy resource. It has many advantages for the U.S. but some organizations disagree with fracking project. The author mentioned that a lot of energy, which is being used in the U.S., is imported from many countries all over the world. For example, Canada, Mexico and Venezuela and Iraq are the primary oil exporters to the U.S. and more than half amount of oil that the U.S. uses is imported from those countries. Adam also mentioned that the U.S. energy companies are trying to …show more content…
Social responsibility is the primary strategy which companies should concentrate on if they want to succeed because it will help businesses to have a good reputation and to obtain resources from stakeholders (Jones &George, 2011). As the article says, the U.S. energy companies should research into the advantages and disadvantages of fracking and show how companies care about communities and environment. If they cannot prove that fracking is an environmental and human friendly technique, many people, who concern about potential harmful effect from fracking, will be against their projects. After that, those companies will have a bad reputation and the number of customers will be reduced. To be specific, a group of New York State residents who called themselves the “New Yorkers against Fracking” support banning fracking in New York City (“New Yorkers Against Fracking”, 2012). This is because they believe that drinking water will be contaminated with the wastewater which is used in fracking sites and they also believe that federal regulations have loopholes providing for energy companies. The energy companies might have a critical situation when the small group of people in New York City becomes a big group of people all over the U.S. The stock price and quantity of their sales will be decreased because people do not want to support some companies which have a lapse of societal ethics. In conclusion, placing importance on environment and social responsibility are the basic strategies which help businesses to maintain a good