Monday, August 13, 2012

New Regulations for Fracking Stalled; Industry Asks Why They Are Even Needed

Forbes has a new article considering the new fracking regulations proposed by the Obama administration.

The regulations were introduced to protect the environment from earthquakes and polluted water, with Interior Secretary Ken Salazar stating that they were needed in states that aren't doing an adequate job regulating the industry.

The new regulations will mean increased costs for fracking and delays that they feel are unecessary, especially since they maintain that there is no evidence that hydraulic fracturing really poses a threat of the dangers that the regulations are being created to protect people from.

From the Forbes article:
The crux of the matter is there is no concrete evidence supporting the claim. Dozens of federal agencies, including the Environmental Protection Agency (EPA) and Occupational Safety and Health Administration, have not been able to produce justifiable evidence that links fracking to serious environmental consequences. The U.S. Bureau of Land Management has also failed to solidify any scientific data that would lead to harsher regulations.
Environmentalists still continue to demand full chemical disclosure to ensure drinking water in fracking areas remains safe for consumption. However, an EPA study conducted last month in Dimock, Pennsylvania, concluded that fracking had no effect on the town’s drinking water. Cabot Oil & Gas Corp., the driller in the area, originally believed the EPA study was politically motivated. On the contrary, it seems as though the results—no contaminants found in the drinking-water wells—have justified the fracking movement.
Read the rest of the article here.

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