The moratorium is only for a few days, but the "tea leaves" tell me it's just a matter of time before EPA is given authority under Clean Water Act to regulate fracking nationwide.
"Everyone" seems to disagree, saying it won't happen, but now that the EPA has won another battle in the Senate regarding regulation of greenhouse gases under the Clean Air Act, the EPA staffers will feel emboldened.
The time line would suggest it (EPA regulating fracking) will happen in 2014, possibly 2015. It might have been better had the oil industry not gotten the waiver a few years back. This would all be behind us by now had the EPA been given the authority to regulate fracking earlier in the decade. Now it hangs over us going forward, and uncertainty is something investors fear.
so how soon do you think this order will hit the bakken,,,
ReplyDeleteRight now this is just a state order. The concern is if the process becomes regulated at the Federal level.
ReplyDeleteThe "tea leaves" tell me that we will see EPA regulate fracking under the Clean Water Act in 2015, maybe 2014.