Skip to comments.Harsher energy regulations coming in Obama's second term
Posted on 11/06/2012 10:23:06 PM PST by Tailgunner Joe
Energy companies likely will see more regulation in President Barack Obama's second term, with less access to federal lands and water even as the administration promotes energy independence.
With a pledge to cut oil imports by half by 2020, Obama during the campaign advocated what he called an "all of the above" approach to developing a range of domestic energy sources. He said, however, that he would roll back subsidies for oil companies and reduce the nation's reliance on oil by mandating production of more fuel-efficient vehicles.
"You are going to have less access to federal lands and tougher government agencies," said Dan Pickering, chief investment officer at TPH Asset Management in Houston. ....
Obama is expected to tighten rules and regulations governing energy exploration, actions that may add billions in costs for oil and gas companies.
ClearView Energy Partners analysts, in Washington, expect the president to "continue prosecuting energy policy through regulation and administrative action, with only the courts as a check on that agenda," according to a note sent to clients last week.
Tougher restrictions are expected for companies drilling on federal lands as well as more rules governing water management and methane emissions. Any new rules related to hydraulic fracturing may drive up costs for active drillers including Chesapeake Energy Corp and Exxon Mobil Corp. ....
Obama is likely to implement several long-delayed, controversial emissions regulations for industrial boilers that are commonly used by chemical producers.
The centerpiece provision, known as Boiler MACT (Maximum Achievable Control Technology), had been first proposed in 2004 but was effectively shot down by courts before being revived by the Environmental Protection Agency in 2011.
It has been winding its way through courts again, and the EPA is due to issue new rules by December.
(Excerpt) Read more at reuters.com ...
We are so screwed.
(I think this may just be my default response to all threads from now on)
$15 a gallon gas anyone?
People didn’t get to see what Obama is really like because
1) most of Obamacare wasn’t implemented
2) GOP house in 2010 softened the blow
3) Obama didn’t want to risk everything to ruin his re-election chances.
Leaving the planet is not an option, what country on the globe is?
“Skyrocketing energy (electric) rates are necessarily part of my plan” - Barack Obama
I'm sure you'll find that the same is true for these stupid regulations that apply to industrial boilers. This is nothing more than state-sponsored corporate fascism.
I am wondering what will happen to all my friends when the coal fired power plants close because of Obama. I retired from a coal fired power plant 4 years ago last month and could not believe what happened in 2008. Now a repeat on 2012.
Harsher freakin energy relations?!
Sharia law will be in effect as soon as possible.
F we’ll be lucky to be allowed to celebrate Christmas one last time this year.
I will not be able to live in Alaska much longer.
Oh, geeze, I know energy relations are energy regulations
We are headed for Canadian-European gas prices. $6-$7 gas here we come.
This is the death knoll for the truckers.
Obama said $10-12/gal and more until he got people out of cars!
. This is nothing more than state-sponsored corporate fascism.
Exactly right, good points. Crony capitalism is part of the downfall of America. I can't envision a way back to limited government.
They are going to have a special good time in the coal areas, like WV and PA.
WV, my heart goes out to you. The idiotic electorate has done you dirty, by voting in your enemy.
PA, I doubt you are smart enough even to understand what you’ve done to yourselves.
For some things yes, but you can’t make your own gasoline.
Take it back. Why let them have my country? I have nowhere else to go. I don’t want to go anywhere else. The line is drawn where I stand.
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