Here is my simplistic view on this. As the governor of any energy producing state “Screw you EPA, see you in court! Oil/Gas companys continue fracking!” The EPA is not the be all end all, they are just another layer of government with no direction or purpose other than to soak up MY tax dollars!
Thanks for your support:)
I like this...would back up any governor that had the balls to do this.
One thing that always irritated me in Dallas was all those home owners who complained about DFW planes. When that airport was built it was out in the prairie..then those folks flocked out there to buy houses that were built right up to the fences..Duh...didn't they know that planes come to an airport? Stupid lawsuits..
Like ...there wasn't even a Euless before the airport.
keep on fracking...
I wasn't very smart but I knew Nuclear plants were not a good idea...it gave us Three Mile Island and numerous accidents that never went away. Where were the govt watch dogs then? They were invested in those plants.
One thing kind of off the grid is that there was a nuclear plant in the earth quake zone last week in Maine...not much said about that..and it would have been much worse then 1000 times what fracking could do...
Just trying to get some perspective in my mind.
Actually, this could be very good for us. Look at this statement in the article, that coal is "virtually eliminated". Natural gas would be used in place of coal for electricity.
“The requirements are so strict they virtually eliminate coal as a fuel option for future electric power generation,” the report states. “In a thinly veiled political move, the agency has put off finalizing the proposal until after the election.
This report covers new regs on "such issues as farm dust, air quality, coal ash and water-quality in Florida."
I don't think any administration would release a lot of new regs during an election season. It also reads like these new regulations are ready to go now. But, aren't the new fracking regs coming late in 2013 or 2014?
CNN just had an energy program say fracking would replace coal easily and how much oil and gas we will need in the future (lots)
I have not seen any credible source for the idea that fracking is going to be significantly restricted. In an election season both sides make outrageous claims about the other.
But, are there any executives of natgas companies saying fracking will be halted? Nope. Aubrey was on CNBC and said nothing. Boone has not said anything about it. If the industry is worried I don't see it.
Parkdota, could you provide a LINK? Which Q&A?
Nothing in your post is about banning fracking. All I am asking for is a link to any credible natgas executive about any ban on fracking.
You say that CNBC has been talking about it all week, but I have not heard anything on it and I watch CNBC. Aubrey said nothing about a ban when he was on Cramer and that's where you said you had heard about it.
If there was any big chance of a ban on fracking the execs would be talking about it. It would be huge news in the oil patch - but there is zero about any ban on fracking except a very few highly partisan press releases and stuff that is way out of date.
Max provided a link above to EPA as the EPA is doing a study. Jim Cramer talked about the old ND story two weeks in a row, another CNBC reporter talked about it also, and yesterday Fox had on the front of their web site at the top the EPA story I provided a link to. They talk about a short term ban or regulatory interference which is the title of my post. They all state that if the current administraction wins re-election that it is possible the EPA might enact a short term ban until they are done with their findings and, or enact a drinking water policy that might effect is also. Aubrey has said nothing nor has Pickens.
Parkdota, if you watch starting at 3: it is clear this is about natgas as a long investment. Cramer says that IF a ban was put in then natgas would skyrocket. He also said that there was a glut of natgas and that the stocks have been hammered recently.
Since no one else is talking about this (industry names please?) I can only believe that Cramer is trying to cover his predictions since he has been long natgas so long. I am waiting to hear from someone in the industry.
Cramer has a lousy track record for predicting. There are websites that track his statements and results. Here are two of the bigger ones. I wonder if Cramer is trying to boost his natural gas returns?? (which I appreciate, but I really believe in basic supply and demand)