Obama Seeks to Control “Fracking”, Drive Up Price of Natural Gas
04/16/2012 2 Comments
With the price of natural gas sliding lower and lower, the future of costly green energy grows dimmer and dimmer. The greenies have decided that something has to be done to slow the development of low cost natural gas resulting from the application of new technologies like “fracking.” Or, it’s more technical name hydraulic fracturing.
Last week the price of natural gas slipped below $2.00.
Also last week the President took action to put some federal controls on “fracking”
President Obama signed an executive order Friday establishing a high-level task force charged with coordinating federal oversight of domestic natural-gas development.
The task force is charged with ensuring that rapidly growing efforts to tap vast natural-gas supplies in the country’s shale formations, which require advanced drilling techniques including “fracking,” are “safe and responsible.” …
“While natural gas production is carried out by private firms, and States are the primary regulators of onshore oil and gas activities, the Federal Government has an important role to play by regulating oil and gas activities on public and Indian trust lands, encouraging greater use of natural gas in transportation, supporting research and development aimed at improving the safety of natural gas development and transportation activities, and setting sensible, cost-effective public health and environmental standards to implement Federal law and augment State safeguards,” the executive order says.
The EPA tried to throttle “fracking” and they lost the battle in court when their testing science was found to be less that perfect. Pure water samples were found to have “fracking” chemical contamination by the EPA testers. The courts stop short of calling it fraud, but then again how did the fracking fluids get into pure water samples. Case dismissed.
With the EPA on the run it was time for Obama and the greenies to try another approach, this time by executive order. An order that was included in the Friday document dump last week in the hope it would not attract any attention.
As the natural gas supply expands, the price goes down and it becomes almost impossible for the President to sell his expensive green energy programs to the voters. Low cost energy is a pocket book issue, and people vote their pocket books. My guess is we will see the price of natural gas start increasing, rather than declining, to make green energy more attractive.
Do you think this new task force was created to aid the development of low cost natural gas, or to slow it’s development?