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
Cry Wolf Quotes
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.
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.
I am here today to address the proposition that two provisions of the Energy Policy Act of 2005--that being section 327 concerning hydraulic fracturing, and section 328 regarding stormwater--have resulted in harm to drinking water resources in the United States. The evidence would strongly suggest otherwise. These two provisions simply removed unnecessary administrative burdens on the production of oil and natural gas in the United States.
...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.
