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.
...we are not supportive of the extensive, prescriptive regulations as proposed in this rule. We believe industry's current safety and environmental statistics demonstrate that the voluntary programs implemented since the adoption of API RP 75 have been and continue to be very successful.
The other thing that I want to mention by way of example, which is-which will, I am sure, be discussed by others in the industry, is the expansion of the Toxic Release Inventory to cover the oil and gas exploration in the production industry. The IOGCC has been opposed to this and has a committee working specifically to change the minds of the Environmental Protection Agency to do this unnecessary expansion. Not only would it unnecessarily expand the toxic release inventory to an industry that is not appropriate but it would dilute the whole good part of what the toxic release inventory is doing for the States.
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.