Yes friends, never let it be said that this administration isn’t beholden to special interests to the detriment of the middle class.
The oil shale boom has helped create a surplus of oil that has entered the market and driven prices down to under $2 a gallon. It is an economic boon to hard pressed families and businesses who use a lot of fuel. It is also a testament to how well markets work.
And that’s why government is about to intrude in that market and jack the prices back up. This time under guise of your out-of-control EPA:
In spite of dramatically lower methane emissions from fracking, according to the EPA’s own data, the agency wants to impose draconian regulations on the oil and gas industry similar to those on coal.
The new rules that the White House announced on Wednesday aim to cut oil emissions of methane, a target of environmental groups, by 45% below 2012 levels, despite the fact that the emissions already show a sharp decline even as shale oil and gas production has skyrocketed.
This war-on-shale action mirrors the administration’s war on coal, with EPA rules impossible to meet economically and sometimes requiring technology that doesn’t even exist.
This is all based on the extremely shaky theory that the earth is warming due to greenhouse gasses produced by man, despite 18 years with no evidence of warming. It is also being done despite the fact that the EPA has no real reason, according to its own findings, to go after this industry: