The fracking boom supports more than 600,000 jobs, and it has reduced electricity bills from California to the Carolinas. But the U.S. Environmental Protection Agency (EPA) wants to impose costly new regulations that would significantly harm continued growth. One of those is a new mandate to reduce ozone, which could destroy over 1 million American jobs and raise costs for families by more than $800 per year. It’s actually been called “the most expensive regulation ever.”
Let’s take a closer look at how EPA’s ozone rule is a direct attack on the fracking boom.
‘Significant Restrictions’ on More U.S. Drilling
EPA’s rule targets areas where drilling and fracking are occurring, even though drilling and fracking play only a minor role in ozone formation. According to a recent study, fracking would be “significantly restricted” under the rule.
How strict is EPA’s ozone rule? Well, even pristine national parks would be in violation.
Want Fracking? You’ll Have to Pay More
How do you make fracking more expensive? Impose new regulations on it.
A study looking at Ohio found that areas with the most fracking would require “significant emissions controls.” That’s a fancy way of saying, “EPA is gonna make fracking significantly more expensive.”
The Ohio Environmental Protection Agency also says EPA’s ozone rule would have a “crippling impact” on drilling.
Energy Prices Will ‘Necessarily Skyrocket’
Remember when President Obama said “electricity prices will necessarily skyrocket” with his energy plan? EPA’s ozone rule is part of that.
Less fracking means higher energy costs, and the Industrial Energy Consumers of America says the ozone rule would “substantially increase the cost of natural gas and electricity.” That sounds fantastic, unless you’re someone who uses natural gas or electricity.
Turn Out the Lights
It’s not just about rising costs. EPA’s contradictory regulations raise questions about how electricity will be generated at all.
Cheap natural gas is a key “building block” for a separate EPA regulation on carbon dioxide (CO2). Without natural gas, it will be harder if not impossible to comply with the CO2 rule.
So if EPA’s CO2 rule requires more natural gas for electricity, but EPA’s ozone rule prevents fracking, how exactly are people supposed to keep the lights on?
Fewer Pipes in the Pipeline
Pipelines create a lot of jobs, and they’re very safe (except for the ones that the government won’t let us build). But EPA’s ozone rule would cause an “increase in pipeline costs,” according to the National Rural Electric Cooperative Association.
Translation: More regulation of pipelines, higher costs, fewer jobs – and less fracking.
EPA’s new rules mean less fracking and higher electricity prices, fewer jobs (thanks to less fracking), and less income to help pay for higher energy bills.
While some may hate fracking, one thing is for sure: Everyone is really going to hate paying for the “most expensive regulation ever”!