Posted on 10/01/2015 10:09:27 AM PDT by bananaman22
On September 30, a federal judge struck down the U.S. Department of Interior’s regulations on hydraulic fracturing, a blow to the Obama administration’s efforts at putting standards on the drilling practice.
A U.S. District Judge in Wyoming issued an injunction against the implementation of Interior’s rules. In March 2015, the Bureau of Land Management (part of the Interior Department) issued its final rule for fracking on public lands.
According to BLM, there are over 100,000 oil and gas wells on federal lands, over 90 percent of which use fracking. “Current federal well-drilling regulations are more than 30 years old and they simply have not kept pace with the technical complexities of today’s hydraulic fracturing operations,” U.S. Secretary of the Interior Sally Jewell said in a statement when the final rules were issued in March. “This updated and strengthened rule provides a framework of safeguards and disclosure protocols that will allow for the continued responsible development of our federal oil and gas resources.”
(Excerpt) Read more at oilprice.com ...
Frack you, Obunghole.
A moot point, perhaps, because the continued softened oil prices are closing down a lot of the oil and gas extraction enterprises that depend on the fracking technology.
But as always, and perhaps much sooner than anybody now knows, the oil prices will rebound, and while the fracking industry is now taking a hit, the ones remaining will enjoy a HUGE boom.
It's not necessarily THEIR oil....they're are just closer to it.
OPEC loses another round in its attempt to dominate the USA and world oil.
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