Subcommittee on Energy and Mineral Resources Oversight Field Hearing on "Federal Regulation: Economic, job and energy security implications of federal hydraulic fracturing regulation"
Wednesday, May 2, 2012 | 9:00 AM
Subcommittee on Energy and Mineral Resources
SUBCOMMITTEE ON ENERGY AND MINERAL RESOURCES
OVERSIGHT FIELD HEARING ON:
OPENING STATEMENT: The Honorable Doug Lamborn WITNESSES AND TESTIMONY: Panel I Colorado State Representative Jerry Sonnenberg Kathleen Clarke Shawn Reese Bruce Baizel Jen Palazzolo Panel II Craig Meis Kathleen M. Sgamma Chris Rockers Mike Quirk Dr. Lisa McKenzie Ben Rainbolt Thom Kerr BACKGROUND: Under the Obama Administration, federal oil and natural gas production has significantly declined due to burdensome red tape and onerous bureaucracy. Meanwhile, energy development on State and private lands, not under federal regulation, has flourished. Members will examine the on-the-ground impacts of the Interior Department’s proposed regulations on hydraulic fracturing. A draft copy of the new regulations, reported in February by Politico, show that the Obama Administration is preparing to add significant red tape and delays to the job creating energy production that comes from harnessing U.S. shale gas resources. Hydraulic fracturing is a decades old technology, regulated by the States, that is necessary for the creation of thousands of new jobs and the extraction of large quantities of oil and natural gas from unconventional shale reservoirs. |
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