Wednesday, 25 March 2015

NEW USA FRACKING REGULATIONS TO INCREASE COST OF POWER

The administration's new rules for hydraulic fracturing on federal lands will add to the cost of shale oil and gas drilling operations and hamper an industry that's been front and center in the economic recovery. Given this president's allegiance to the environmental lobby, this may be the whole point of the new rules - to stop fossil-fuel development in order to make expensive renewable energy the only alternative. But a new study from the Brookings Institution - hardly conservative in its orientation - suggests the biggest victims of these new rules will be the poorest Americans, who'll have to pay higher energy costs. --Editorial, Investor's Business Daily, 24 March 2015 (http://news.investors.com/ibd-editorials/032315-744736-epa-fracking-regulations-costly-to-poor.htm)

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