Federal fracking rules, Energy tax policies, Nat gas exports…oh my! Will we ever get beyond the political gridlock or will the inroads made by the oil & gas industry be a “Wash”-out? One thing’s for sure, there’s rarely a dull moment in the oil patch.
The Obama administration unveiled the first new regulations for hydraulic fracturing on federal lands in three decades this month. The rules would require wider disclosure of chemicals used in drilling for some U.S. land under the Interior Department’s control. Water management plans and wellbore integrity assurances are among the proposed federal regulations. Meanwhile, U.S. energy tax policy may be poised for big changes – or not? Yes, that’s Washington ambivalence at its best for you. Then there’s the question of nat gas exports: will our newfound ‘bounty’ be the “quicker picker upper” that many in the industry have been predicting for the economy? All this makes for some understandable uneasiness in the marketplace. Granted, it’s a lot to ponder but these issues ultimately trickle down–hole so they remain on our radar.