Oil, Coal, and Gas Regulations

Oil, Coal, and Gas Regulations

Oil, gas, and coal are three of the most widely used energy sources in America. Unfortunately, all three take a terrible toll on human populations and the environment, both during the extraction process and use. Government agencies including the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) and the Environmental Protection Agency (EPA) monitor and regulate these economic sectors, and numerous laws have been passed to address the negative externalities created by these industries.

Commentary

PG&E’s success in Washington led to failure in San Bruno

August 31, 2011
Claims of EPA "train wreck" derailed

Claims of EPA "Train Wreck" Derailed

August 26, 2011
Clean Fuels Standard

Northeast Clean Fuels Standard = Thousands of Jobs, Billions of Dollars

August 16, 2011

Cry Wolf Quotes

The net result could well be a greater probability of oil spills, less likelihood of a responsible owner to deal with those spills, less reliable transportation of oil and greater cost to the consumer; the very things the U.S. wanted to avoid.

-
Vernon C. Miller Jr., Vice President of Greenwich, Conn.-based Skaarup Shipping Corp. The Journal of Commerce.

If the Coast Guard implements a regulation requiring the certificates, but if there are no insurers willing to back them, then there is the possibility that all tankers would be banned from US waters.

-
The International Association of Independent Tanker Owners (Intertanko), Greenwire.

I am here today to address the proposition that two provisions of the Energy Policy Act of 2005--that being section 327 concerning hydraulic fracturing, and section 328 regarding stormwater--have resulted in harm to drinking water resources in the United States. The evidence would strongly suggest otherwise. These two provisions simply removed unnecessary administrative burdens on the production of oil and natural gas in the United States.

-
David E. Bolin, deputy director of the State Oil and Gas Board of Alabama, Testimony, Committee on Oversight and Government Reform, U.S. House of Representatives.

[By exposing shipowners to an uninsurable level of liability, the act is] 'driving away from U.S. trading many responsible shipowners who may well possess the safest tankers and the most solid financial backing to cope with pollution damage claims.'

-
The International Association of Independent Tanker Owners (Intertanko), The Journal of Commerce.