Skip to comments.The High Cost of Fracking Regulation
Posted on 02/12/2014 1:34:05 PM PST by neverdem
In Europe, where fracking is heavily regulated or prohibited altogether, consumers pay more than twice for natural gas than what they do in America (currently $11.59 per mBtu vs $4.78). As consumers, businesses, and electric utilities pay more, the result is a stalled economy and lower standard of living. Thanks in part to its large investment in solar energy, Spain's per capita GDP in current U.S. dollars has dropped from $31,679 in 2010 to $28,624 in 2012.
Based on his recent words and actions, Obama wants the same for the U.S.
Over half the homes in America heat with natural gas. Why would the president want to see their heating bills rise by 240%? The answer, I believe, is that he has other priorities. The standard of living of ordinary Americans is near the bottom of his list. Donations from wealthy environmentalists are near the top.
Since winning re-election, Obama has gone out of his way to signal his support for greater regulation of fracking at the federal level. His choice for EPA director, Gina McCarthy, stated shortly after her confirmation that with regard to fracking, she supports "regulating emissions." That's in addition to EPA's misguided efforts to link fracking to groundwater pollution.
It appears that every federal agency is out to challenge fracking. In the next six months, the Interior Department is scheduled to release new regulations for fracking on federal lands. The EPA has also indicated that it intends to "study fracking" in 2014. The Fish and Wildlife Service has been adding new candidates to its list of endangered or threatened species, an action that can significantly limit energy exploration and other development by setting aside critical habitats. Meanwhile, OSHA is moving forward with stricter rules on workplace exposure to crystalline silica. These proposed rules would cut exposure...
(Excerpt) Read more at americanthinker.com ...
The high cost of all the fracking regulations from the feds
They are just taking orders form OPEC to help keep saudi arabia’s profits up so they can support terrorism.
Sometimes American Thinker gets on a roll.
Some noteworthy articles about politics, foreign or military affairs, IMHO, FReepmail me if you want on or off my list.
Matt Damon fracking film backed by big OPEC member
Long past time for Congress to use the power of the purse to cut this nonsense out.
Thanks for the ping!
The male hemp plant is going to come in real handy soon.