An incredible story of how the American energy revolution could have been stopped in its tracks, but was accidentally saved.
SPECIAL REPORT: Special Report: How 'Halliburton Loophole' Spawned the Shale Boom
Although
technologies such as horizontal drilling and hydraulic fracturing are
largely credited with clearing the path for the US unconventional gas
revolution, the origins of the "shale boom" can also be traced to
language buried within a 551-page energy bill enacted in 2005.
Known
as the "Halliburton Loophole," Section 102 of the Energy Policy Act of
2005 banned the US Environmental Protection Agency (EPA) from regulating
hydraulic fracturing under its underground injection control program.
This
spared oil and gas firms from red tape and litigation that would have
been possible under regulation by the EPA -- which can exert control
even on private land, where shale gas has blossomed in recent years.
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