Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Tuesday, November 6, 2012

Bureaucracy could Kill the U.S. Shale Gas Industry

Bureaucracy could Kill the U.S. Shale Gas Industry

On May 11, 2012, the US Bureau of Land Management (BLM) published proposed regulations governing "Oil and Gas; Well Stimulation, Including Hydraulic Fracturing, on Federal and Indian Lands." BLM is a latecomer to this party. Its belated meddling lacks practical or economic justification. Instead, the proposed BLM rule would drive oil and gas developers off federal and tribal lands. Complying with the rules is too complicated and costly. Producers can realize a much faster and much better return on their capital investment by developing oil and…Read more...http://oilprice.com/Energy/Natural-Gas/Bureaucracy-could-Kill-the-U.S.-Shale-Gas-Industry.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+oilpricecom+%28Oil+Price.com+Daily+News+Update%29

No comments:

Post a Comment