Final answer:
Fracking technology has led to increased production of oil and gas, as well as the expansion of low-emission industrial energy. While it has economic benefits, it also poses environmental risks.
Step-by-step explanation:
Fracking technology, also known as hydraulic fracturing, has resulted in increased production of oil and gas. This method has allowed energy companies access to previously nonviable and completely untapped oil and gas reserves, thus boosting domestic oil production and lowering energy costs. Furthermore, because natural gas is a lower-emission fuel compared to coal, fracking contributes to the expansion of low-emission industrial energy. Nevertheless, it's important to note that fracking also has its drawbacks, including potential environmental risks such as water contamination, air pollution, and even increased earthquake risks. While fracking has been linked to economic growth and job creation, it remains a controversial topic due to its environmental impacts.