It's been a tough week for American consumers. Yesterday, it was reported that under the Federal Bureau of Land Management's new proposed onshore hydraulic fracturing regulations, businesses will suffer--as will the rate of production in developing our Nation's plentiful natural gas. Yes, a clean and affordable resource. Reuters News reports: The Obama administration hopes the rules on public lands will serve as a model for State oversight of drilling on private lands. This plan is no secret. U.S. Interior Secretary Sally Jewell said as much in her testimony before the House Natural Resources Committee in July. Make no mistake: these Federal regulations are being developed as a model to be used across the country. The development of our Nation's domestic energy resources has been one of the few bright spots in a struggling economy. It's very clear how and why this era of growth and innovation came to be. Take a look at the production rates on State and private lands versus Federal lands and you will see why. Production is up on the former and way down on the latter. Unfortunately, the administration wants to close this gap by putting the Federal Government in control and imposing costly new mandates everywhere that production is taking place. {time} 1030 It's bad for business, Mr. Speaker. What's worse, it's bad for consumers by making the cost of heating their homes that much more expensive. And it doesn't stop with natural gas.…
On the recordJuly 24, 2013
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