Oil, Coal, and Gas Regulations
Oil, gas, and coal are three of the most widely used energy sources in America. Unfortunately, all three take a terrible toll on human populations and the environment, both during the extraction process and use. Government agencies including the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) and the Environmental Protection Agency (EPA) monitor and regulate these economic sectors, and numerous laws have been passed to address the negative externalities created by these industries.
Cry Wolf Quotes
The Safe Drinking Water Act (SDWA) Underground Injection Control (UIC) program is intended to manage the disposition of wastes into geologic repositories. Hydraulic fracturing is a well stimulation technology that has been used for more than 50 years over a million times. It has been regulated for decades by states and never posed an environmental risk. It is essential to the development of American natural gas and oil. There are no environmental benefits to additional federal regulation.
The net result could well be a greater probability of oil spills, less likelihood of a responsible owner to deal with those spills, less reliable transportation of oil and greater cost to the consumer; the very things the U.S. wanted to avoid.
If the Coast Guard implements a regulation requiring the certificates, but if there are no insurers willing to back them, then there is the possibility that all tankers would be banned from US waters.
Elimination of sections 327 and 328 [of the Safe Water Drinking Act] would not make production of oil and natural gas in the United States any safer, but could substantially increase domestic oil and natural gas production costs, thereby decreasing domestic supply.