this is a levels style question. Award up to 4 marks for benefits and limitations, with at least one of each, then up to 2 for a judgement supported by what has gone before.
Benefits, any of:
it reaches gas and oil held in shale that could not be extracted by conventional drilling at all, so the total resource available to the country increases
energy security: a country with its own shale reserves is less exposed to disruption of supply and to price shocks from the countries it currently imports from
increased supply tends to lower gas prices for households and for industry
burning gas rather than coal for the same electricity releases roughly half the carbon dioxide and far less sulfur dioxide and particulate matter, so replacing coal-fired generation improves air quality
gas power stations can be turned up and down quickly, so they can cover demand while intermittent wind and solar capacity and storage are built
employment and local income: drilling creates jobs and contracts, and governments receive taxes and royalties
Limitations, any of:
it is still a finite fossil fuel — burning the gas releases carbon dioxide, and investing in it extends the use of fossil fuels rather than replacing them
very high water use, millions of litres per well, which competes with agriculture and with domestic supply and matters most in dry regions
risk to water supplies: the fracking fluid contains added chemicals and the fluid that returns to the surface carries dissolved salts and other substances, so a failed well casing or poorly handled waste can contaminate groundwater
methane leaking from wells and pipelines is itself a powerful greenhouse gas, and enough leakage can cancel out the advantage gas has over coal
small earth tremors have been linked to fracturing rock at high pressure near some sites
local disturbance: well pads, access roads, lorry traffic, noise, dust and lighting industrialise a rural area, and because shale wells decline quickly many wells must be drilled to keep output up
Judgement, up to 2 marks:
a judgement that separates who gains from who bears the cost: the tax revenue and the security of supply are national, while the water use, traffic, noise and tremor risk fall on the local community and its farmers
a judgement that names the timescale: an individual shale well produces for only a few years, so the gain is short-lived, while contaminated groundwater and the carbon dioxide released last far longer
a judgement that names what the decision turns on, for example that the case is strongest where the gas displaces coal and weakest where it displaces investment in renewables, or that it depends on whether regulation is enforced
a bare conclusion such as "so fracking is bad" with nothing behind it scores 0 of the 2