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
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