Political Quotes

“Perhaps no aspect of America's economy has been as overregulated as energy under the Obama administration; so this week, the House has already acted to repeal two of the most damaging energy regulations. This morning we continue the fight to reduce the unnecessary regulatory costs that are passed along to all Americans by repealing the Bureau of Land Management's venting and flaring rule. Some estimates show that this rule could inflict staggering costs of $1.26 billion on national, State, and local economies, while generating less than $4 million in new royalties. In addition, the legal basis for this rule is tenuous at best. The Clean Air Act authorizes the EPA, not BLM, working in conjunction with States, to make rules affecting air quality. The BLM's venting and flaring rule's extreme compliance cost will force many companies to shut in their wells rather than to continue to operate them. This will be particularly true for marginal wells that are often run by family-owned businesses. And beyond the loss of jobs in Colorado and elsewhere, State and Federal Governments would lose up to $114 million in tax receipts. This is money that States like Colorado depend on for funding education and other critical services. The increase in natural gas production is to the benefit of everyday Americans. The U.S. energy boom saved drivers $550 in fuel costs each year and saved American households over $1,000 last year alone.…”