You really have to hand it to the green zealots who populate
the Obama White House and the Environmental Protection Agency. Their
quest to destroy the fossil fuel industry is relentless and all too
effective.
The damage that the Obama administration is willing to do to "decarbonize" the American economy apparently has no limit.
This
latest fossil-fuels assault comes just two weeks after the
administration announced new environmental rules that will take a
wrecking ball to America's coal industry. Those rules are designed to
reduce coal production by about one-third over the next two decades and
will destroy hundreds of thousands of jobs and raise the electric
utility bills of most American families.
Now we have new
regulations from the EPA to restrict leakages from oil and natural gas
production. Well, actually, they call these restrictions on methane —
which sounds menacing but is natural gas.
The plan is to reduce
these emissions by almost half in a decade. This is draconian and
potentially ruinous to the nascent shale oil and gas industry.
The new regulations are wrongheaded not just from an economic standpoint but from an environmental perspective as well...
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