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December 29th, 2017:

Trump Administration Rescinds Rules For Oil, Gas Drilling

American Energy Coalition - December 29th, 2017

“President Donald Trump's administration is rescinding proposed rules for hydraulic fracturing and other oil- and gas-drilling practices on government lands, government officials announced Thursday,” according to a story by the Associated Press.

“The rules developed under President Barack Obama would have applied mainly in the West, where most federal lands are located. Companies would have had to disclose the chemicals used in fracking, which pumps pressurized water underground to break open hydrocarbon deposits,” reports the AP.

“The rules to be rescinded Friday were supposed to take effect in 2015 but a federal judge in Wyoming blocked them at the last minute. In September, the 10th U.S. Circuit Court of Appeals in Denver declined to rule in that case because the Trump administration intended to rescind the rules.”

“The long-awaited change drew praise from industry groups including the Washington, D.C.-based Independent Petroleum Association of America and Denver-based Western Energy Alliance, which sued to block the rules,” says the AP story.

“They claimed the federal rules would have duplicated state rules, putting unnecessary and expensive burdens on petroleum developers.”

Click here to read the original article from the Associated Press.

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