API, WEA officials warn of threats from federal overregulation

Improved technology and increasing production has improved the US oil and gas outlook, but federal overregulation could imperil realization of a brighter energy future, officials from two industry associations warned on Feb. 2. They applauded US President Barack Obama's commitment in his Jan. 24 State of the Union address to pursue an "all-in, all-of-the-above" energy strategy, but questioned whether increased federal onshore oil and gas regulations will help achieve this goal. "Despite the rosy rhetoric of supporting greater energy development, the president is talking about adding layers of regulations—and not removing them—from development of natural gas from shale,"...

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