Sunday, August 23, 2015

Editorial - Obama Declares War On Natural Gas

You really have to hand it to the green zealots who populate the Obama White House and the Environmental Protection Agency. Their quest to destroy the fossil fuel industry is relentless and all too effective.

The damage that the Obama administration is willing to do to "decarbonize" the American economy apparently has no limit.

This latest fossil-fuels assault comes just two weeks after the administration announced new environmental rules that will take a wrecking ball to America's coal industry. Those rules are designed to reduce coal production by about one-third over the next two decades and will destroy hundreds of thousands of jobs and raise the electric utility bills of most American families.

Now we have new regulations from the EPA to restrict leakages from oil and natural gas production. Well, actually, they call these restrictions on methane — which sounds menacing but is natural gas.
The plan is to reduce these emissions by almost half in a decade. This is draconian and potentially ruinous to the nascent shale oil and gas industry.

The new regulations are wrongheaded not just from an economic standpoint but from an environmental perspective as well...


No comments: