Any economic growth during the Obama Administration has come from American energy production. Now the Administration is trying to curtail that production.
The Washington Examiner is reporting today that the Obama Administration has released the first federal rules governing hydraulic fracturing, or fracking, on Friday, setting new standards across the 750 million acres containing federal minerals for the drilling method that has unlocked a domestic oil and gas boom. Note that the Obama Administration has released these rules–they did not come out of Congress. That is the first problem. Who is writing laws in America? What does the U.S. Constitution have to say about this?
The article reports:
For oil and gas companies, the Interior Department rule is another kick while industry is down.
Low oil and natural gas prices — caused partly by the success of fracking, which has turned the United States into the world’s top oil and gas producer — have crimped budgets, prompting companies to lay off hundreds of workers. On top of that, the rule comes as the Interior Department is looking at regulations to reduce “venting” and “flaring” of excess natural gas produced at wells on federal lands.
“It’s more of the same. When you make things more expensive you get less of it. It’s just like taxation. It’s going to further push development off federal lands,” Kathleen Sgamma, vice president of government and public affairs with industry group Western Energy Alliance, told the Washington Examiner. “Whether it’s a low price environment or a high price environment, it’s still less attractive to operate on federal lands.”
We need to understand that it is necessary for America to be energy independent. We also need to understand that there are a lot of very wealthy people who do not want America to be energy independent. Many of those wealthy people make large donations to Congressmen and Senators. We need to remove the Congressmen and Senators who are blocking American energy independence from office the first time they are up for re-election. Energy independence might introduce some sanity into American foreign policy (note that I did say might).
The article concludes:
Lawmakers on either side of the issue are wasting little time to fight the proposal.
Sen. Jim Inhofe, R-Okla., introduced legislation Friday with 26 other Republican senators as co-sponsors that would give states, rather than the federal government, primacy over regulating fracking on federal lands within their borders.
“We have long supported a states-first approach to hydraulic fracturing, recognizing that states have a successful record of effectively regulating hydraulic fracturing with good environmental stewardship. Now, however, the Interior Department is imposing a federal regulation that duplicates what the states have been doing successfully for decades,” said bill co-sponsor Sen. John Hoeven, R-N.D.
In the House, Democrats introduced five bills Thursday designed to restrain fracking. Environmental groups cheered the effort, dubbed the ‘Frack Pack,’ which they said would increase transparency and close loopholes such as the exemption for most fracking activity under federal Safe Drinking Water Act.