Fracking Rule On Hold -- June 24, 2015

A day late and a dollar short, my earlier post. To clarify: my earlier note was a day late, and a dollar short; the judge's ruling was right on time and worth a gazillion dollars to a lot of folks.

Don sent me the update. The Dickinson Press is reporting -- federal fracking rule on hold.

A federal judge issued a stay Tuesday of a U.S. Bureau of Land Management fracking rule, temporarily halting an Obama administration effort to regulate oil and gas operations on public land nationwide.

The BLM rule had been scheduled to go into effect today before U.S. District Court Judge Scott W. Skavdahl’s decision. The ruling amounted to a legal cease-fire and means permitting of oil and gas wells on federal land will proceed under current regulations for at least another month.

Skavdahl stopped short of issuing the injunction sought by industry groups and oil- and gas-producing states. But he left open the possibility of halting the Obama administration’s effort to police fracking until the matter can be decided in court, a process which could take years.

Wow, when you read the story, the judge played this just right.