WASHINGTON D.C. — IER President Thomas Pyle released the following
statement concerning the proposed federal regulations for hydraulic
fracturing announced today by the Department of Interior:
“This regulation places an unnecessary additional burden on American
energy producers, and ultimately on energy consumers who will pay for it
in the form of higher energy prices. The rule is another power grab by
the Obama Administration, which is forever seeking to fix a problem even
former EPA Administrator Lisa Jackson has said does not exist. Despite
sixty years of safe hydraulic fracturing in more than one million
successful wells, the Interior Department will now add another layer of
sluggish bureaucracy for everyone seeking to harness the tremendous
economic and energy potential on taxpayer-owned federal lands.
Already,
an unresponsive and often hostile federal government has made these
lands all but undesirable for energy exploration amid the greatest boom
in oil and gas production increases in U.S. history.
READ MORE: http://www.instituteforenergyresearch.org/2013/05/16/proposed-fracking-rule-another-power-grab-by-broken-bureaucracy/
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