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| Economy |
| Executive Order to "Coordinate" Fracking Regulations |
| 2012-04-16 |
| President Obama on Friday issued an executive order to better coordinate federal oversight of "fracking," the popular but controversial natural-gas extraction method. The order establishes an "interagency working group" with members from the Environmental Protection Agency, the Interior Department, Energy Department, National Economic Council and other bodies. At least 10 federal departments or agencies currently are mulling new regulations of the gas industry or have commissioned studies of its environmental impact. They have to get everyone on the same page before they ban fracking. The sheer number of potential rule makers has caused many industry insiders to fear confusing or overlapping guidelines; some analysts say that could greatly hamper domestic oil and gas production. The new working group, Mr. Obama said, is designed to "ensure coordination among the appropriate federal entities." And while some industry folks welcome the move ... It remains to be seen, however, whether the move lessens the potential impact of looming federal rules. Later this year, the EPA will release a long-awaited report on the environmental safety of fracking, the use of water, sand and chemicals to crack underground rock and release vast quantities of fuel. Many industry analysts expect the report to call for sharp new restraints on the drilling method. |
| Posted by:Bobby |
| #7 Not to mention it is completely screwing the alternative energy industry. |
| Posted by: phil_b 2012-04-16 20:26 |
| #6 Iff my childhood dreams/Visions hold true, our future OWG-NWO will agree to formally outlaw "fracking" as an international crime/felony agz the Planet + Humanity. |
| Posted by: JosephMendiola 2012-04-16 19:40 |
| #5 See TOPIX/WORLD NEWS > UNDERGROUND NUCLEAR STRIKES, NOT [Natural] EARTHQUAKES, HIT WASHINGTON DC IN 2011. [1960'S-70'S GUAM TAOTAMONAS, HUGO CHAVEZ + LAND/ISLAND(S)-SINKING "EARTHQUAKE/TECTONIC BOMBS" here]. and * TOPIX > PHYSORG > ZEN-HAVEN.DK BLOG = SCHUMAN RESONANCE | [Mysterious]CHANGES DETECTED IN SOME SCHUMAN CAVITY RESONANCE, aka "Earth's Heartbeat/Pulse" = Global Magnetic Field "Isochronic Tones". Rise from "normal/routine" frequency of 7.8Hz to 12.0Hz, HIGHER-LEVEL FREQUENCIES POSSIBLE. IMO is related to the magnitide or strength of the serious background EM distortions = warping/alterations I'd recently experienced. THE SUN HAD RELEASED ENERGIES POWERFUL ENUFF TO DISTORT OR BEND BACKGROUND REALITY. At least for Madonna fans from Guam. |
| Posted by: JosephMendiola 2012-04-16 19:37 |
| #4 Some interesting - and ironic - information from Wikipedia: http://en.wikipedia.org/wiki/Hydraulic_fracturing The first frac job was performed in 1947 in limestone deposits by Halliburton. In the 1970s the federal government initiated both the Eastern Gas Shales Project, a set of dozens of public-private hydro-fracturing pilot demonstration projects, and the Gas Research Institute, a gas industry research consortium that received approval for research and funding from the Federal Energy Regulatory Commission. Over this time, Sandia National Laboratories was conducting research into microseismic imaging for use in coalbeds, a geologic mapping technique that would prove crucial for the commercial recovery of natural gas from shale as well as oil from offshore drilling rigs. In the late 1970s, the Department of Energy pioneered massive hydraulic fracturing, a drilling technique that would be improved upon for the economic recovery of shale gas in the future. In 1986, a joint DOE-private venture completed the first successful multi-fracture horizontal well in shale. The Department of Energy later subsidized Mitchell Energy's first successful horizontal drill in the north-Texas Barnett Shale in 1991. Mitchell Energy engineers would go on to develop the hydraulic fracturing technique known as 'slickwater fracturing' that started the modern shale gas boom. Seems the Feds got it all started, but then poly-ticks got in the way. |
| Posted by: Bobby 2012-04-16 16:34 |
| #3 See Obama administration goal below: some analysts say that could greatly hamper domestic oil and gas production. Note: Oil patch waterflooding and well fracking are extraction techniques which have been used for decades. |
| Posted by: Besoeker 2012-04-16 16:06 |
| #2 I'm all for one set of rules for everyone to follow. Makes things a hell of a lot easier for everyone. However, I somehow have the feeling that efficient regulation and management isn't the goal of this. |
| Posted by: DarthVader 2012-04-16 15:20 |
| #1 WHAT!? We don't get another Czar with unlimited power and no oversight? |
| Posted by: Shereter Guelph4341 2012-04-16 15:00 |