Oil, Coal, and Gas Regulations

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.

Commentary

PG&E’s success in Washington led to failure in San Bruno

August 31, 2011
Claims of EPA "train wreck" derailed

Claims of EPA "Train Wreck" Derailed

August 26, 2011
Clean Fuels Standard

Northeast Clean Fuels Standard = Thousands of Jobs, Billions of Dollars

August 16, 2011

Cry Wolf Quotes

[The Oil Pollution Act] also raises fundamental questions as to whether oil companies will be willing to pay for responsible parties to stay in the business of transporting crude, or whether vessel operators will prosper who engage in a game of roulette with the liability limits.

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Van Dyck, chairman of Philadelphia-based Maritrans G.P. Inc., the largest independent carrier of crude oil products in the U.S. coastal trades. The Journal of Commerce.

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.

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Vernon C. Miller Jr., Vice President of Greenwich, Conn.-based Skaarup Shipping Corp. The Journal of Commerce.

These regulations, taken in combination with other pending requirements, will have serious affects on the petroleum industry, the economy, and the nation--reducing investment in capacity and new technologies, making domestic refiners less competitive in the global marketplace, increasing imports of refined products by up to 500,000 barrels per day, increasing consumer prices for products such as gasoline and heating oil, and reducing industry employment.

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American Petroleum Institute.

Testimony submitted to this hearing by the Natural Resources Defense Council (NRDC) proposes a series of changes to federal environmental law that taken together can only serve to cripple American oil and natural gas production without attendant environmental benefits....The Committee – and more broadly the Congress – should summarily reject NRDC’s proposals. They follow the tired path of alleging to the Congress the need to change laws and regulations that do not follow NRDC’s world view and where NRDC and its allied professional anti-development organizations have failed to change the regulatory program through the normal processes or by appealing to the court system. This collection of proposals will have one clear effect – less exploration and production of American oil and natural gas and more foreign dependency. This is hardly an energy policy that makes sense of America.

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Independent Petroleum Association of America , Testimony, Committee on Oversight and Government Reform U.S. House of Representatives.