Obama Administration Unveils New Fracking Rules
The Obama Administration announced Friday the first major nationwide hydraulic fracturing safety rules since the technology sparked an energy boom in the U.S. Under the rules, companies drilling on federal land must publicly disclose what chemicals they use in "fracking"  a mining technique by which rocks are fractured by pumping a liquid compound deep underground  within 30 days of operations. The regulations also tighten standards for collecting wastewater and keeping the groundwater protected. The Interior Department said that meeting the new regulations would cost companies less than one-fourth of 1 percent of the estimated cost of drilling a well. The new rules apply to the over 100,000 oil and gas wells on federal government and American Indian lands and exclude some major drilling areas with their own ordinances. Only around 11 percent of U.S. natural gas production and 5 percent of oil production is produced on public lands, according to Bloomberg. The Republican-led Senate has already introduced a bill to stop the regulations from coming into force, arguing that states alone should have the right to regulate hydraulic fracturing. Some environmental groups also oppose the regulations, arguing they don't go far enough. The League of Conservation Voters LCV legislative rep, Madeleine Foote, said the proposal was a "missed opportunity.", , , ,