Watch Video here: Fox Business 'Varney & Co.' w/ Stuart Varney - March 20, 2015 - 'Will new fracking regulations kill the industry?' (See: Obama Admin Imposes New Regulations On Fracking)
Morano selected excerpts: It's the first step to the death of a thousand cuts, and this is probably the first 200 or 300 blades being introduced by the federal government -- but it's not going to kill fracking now. This will impose a one size fits all federal government solution.
They are going after the foundation of fracking's success. Obama is already taking out coal, they've stopped keystone pipeline, they are preventing oil drilling in places like Alaska. What's left? Fracking. Solar is .23% of our electricity (EIA 2013), wind power is barely over 4% and their implication is they will replace carbon based fuels with solar and wind.
We had Colorado Gov. Hickenlooper announce he drank fracking water. It's mostly water and clay and a few other additives they use in food. See: I drank fracking fluid, says Dem Colorado Gov. John Hickenlooper: ‘Mayor told a Senate comm. he actually drank a glass of fracking fluid’ - 'The fluid is made entirely 'of ingredients sourced from the food industry'
Morano: 'It's the agenda here: John Holdren said in 1970s that energy that is too cheap is one of the greatest hazards to society and the more we get away from energy, the more jobs we will have. (See: Flashback 1975: Obama Science Czar John Holdren warned U.S. ‘threatened’ by ‘the hazards of too much energy’ - Holdren: 'Less energy can mean more employment.')
The Energy Sec. Moniz has said he wants to make 'dirty fuels' three times more expensive. This is the first step towards that. (See: Obama Energy Dept. nominee favors TRIPLING the cost of fossil fuels - Energy Nominee Moniz: We Need Carbon Price To Double Or Triple Cost Of Dirty Energy)
National Review: Washington’s Redundant Fracking Regulations: ‘The new requirements largely seek to prevent water contamination, even though numerous credible studies — including those conducted by the federal government – have failed to find a connection between fracking itself and groundwater contamination. Even former EPA head Lisa Jackson had to repeatedly admit this, as did Department of Energy secretary Ernest Moniz…
In the 31 states where fracking occurs or could occur, the Center for Energy and Climate Economics found that “casing and cementing depth regulations are among the most homogeneous in our study; 29 of the 31 states have some form of regulation, and one of those that does not has little or no actual drilling.” In other words, states have already established rigorous standards for well construction…
Also, fracking fluids are far less scary than environmental activists want Americans to believe. A major study released last November by the University of Colorado Boulder found that the chemicals in fracking fluids were also used, to little fuss, in toothpaste, laxatives, detergent, and ice cream. These much-maligned “chemicals” are extremely diluted, with 99.95 percent of fracking fluid consisting of water and sand. Both a Halliburton executive and Colorado governor John Hickenlooper drank a glass of it, to no effect.
Read more at: http://www.nationalreview.com/article/415738/washingtons-redundant-fracking-regulations-jillian-kay-melchior