Wow.
The story is hard to find in the mainstream media. It's not at Yahoo!Finance. It's not on the first page of Finance Google. Drudge Report? Nope. Huffington Post? Nope. But there it is, finally, over at the AP.
A judge ruled Tuesday that federal regulators lack the authority to set rules for hydraulic fracturing, dealing another setback to the Obama administration's efforts to tighten how fossil fuels are mined.So, the big stories the past couple of days:
U.S. District Judge Scott Skavdahl said the Bureau of Land Management can't set the rules because Congress has not authorized it to do so. The judge, who was nominated by Obama in 2011, wrote that the court's role is not to decide whether hydraulic fracturing is good or bad for the environment, but to interpret whether Congress has given the Department of Interior legal authority to regulate the practice.
- Panama Canal expansion completed; ready for the "big ships" next week
- the Tesla - SolarCity story
- Obama's regulation banning fracking overturned
- Dakota Access Pipeline allowed to proceed "under" tribal burial grounds in Iowa
- crude oil hitting $50
- the rise of India
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