IBD: Will EPA Shut Down Shale?

“The latest salvo in the administration’s war on energy may be new rules and permits to regulate a process to get oil and gas from porous rock, sacrificing jobs and economic growth while under review.”

Investor’s Business Daily editorializes:

… Extraction of oil and natural gas from these formations have created jobs and economic growth in the midst of a stagnant and parched economy.

The oil and gas is extracted from this porous rock by a process called hydraulic fracturing, or “fracking”…

Yet the Environmental Protection Agency, bowing to environmentalists’ pressure and faithful to the administration mantra that fossil fuels are harmful and obsolete, is preparing to nip this economic boom in the bud by regulating it to death…

Keep in mind that even EPA director Lisa Jackson could provide no evidence of groundwater contamination due to fracking. She recently recently told a House Oversight Committee hearing that, despite anecdotal evidence, “I’m not aware of any proven case where the fracking process itself has affected water.”

Read the full IBD editorial.

One thought on “IBD: Will EPA Shut Down Shale?”

  1. This Administration SO-O-O-O-O-O needs to go away.

    We have so much abundance of energy feedstock in America that importing is a ripoff to start wtih. Between us and the Canadians and the Mexicans we should be exporting not importing. We’ve got around 500 years of coal, hundreds of years of oil, even more gas, and then a major amount of uranium. Worst estimates are that if we brought it all on line (as needed) we have around a thousand years of energy right here. It would be nice if the ecodorks let us at it.

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