One of the oil and natural gas industry’s primary trade groups has had enough. Facing mounting scrutiny over the process of hydraulic fracturing, the American Petroleum Institute is now speaking out against increased regulations.
Senior economist for API Sara Banaszak says, “Hydraulic fracturing is safe, and lawmakers should be cautious in their efforts to restrict it. Adding unnecessary additional regulation of this practice could kill jobs and important economic activity and also hamper our nation’s energy security.”
In a November article in the Houston Chronicle, Jennifer Dlouhy reported that up to 80 percent of the natural gas wells drilled in the U.S. over the next decade are likely to use fracking. However, some states are considering all out bans on the use of hydraulic fracturing unless companies disclose what chemicals are used in the process.
Banaszak believes the state-level regulations are strict enough and that companies are doing enough to protect the environment.
“The top priority of our industry is to provide this energy in a safe, technologically sound way, with the least possible impact on the environment,” said Banaszak. “We haven’t done a good job, maybe, communicating the way that regulation occurs at the state level.”
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