I know I, and many of my colleagues, share concern about a Federal regulatory code that has become so bloated with redundant, ineffective, and unnecessary rules that the sheer bulk of it threatens to suffocate American economic recovery and long-term prosperity. The Bureau of Land Management's rule to reduce venting and flaring from existing oil and natural gas operations is one such example of duplicative and unnecessary regulation. Aside from the fact that the authority to regulate air quality does not rest with the BLM, we certainly don't need the BLM rule in addition to the EPA methane rule and State regulations, which our colleagues on the other side have noted and lauded that have come out of the State of Colorado. For all of the costs this rule would impose on industry, the supposed benefits of the rule would be emission reductions in the neighborhood of less than one one-hundredth of a percent of global greenhouse emissions. That is the definition of an ineffectual rule. Methane is a marketable resource, and the oil and gas industry would prefer to economically capture and sell that resource, rather than vent or flare it, which is a necessary safety procedure in the absence of other viable options.…
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