Industry campaign targets 'hydraulic fracturing' bill

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Anne C. Mulkern, Greenwire.  May 7, 2009.  New York Times.

Fearing a push by House Democrats to regulate a controversial form of natural gas production, an industry coalition [Energy in Depth] launched a campaign yesterday arguing that new rules would kill jobs and batter the economy. [See Sourcewatch: Energy in Depth]

The coalition of independent oil and gas companies says a Democratic proposal to allow new oversight over hydraulic fracturing would slash domestic oil and gas production and cost the Treasury $4 billion in lost taxes, royalties, rents and other payments. But environmentalists and an aide to a Democratic lawmaker backing regulation say the claim amounts to "scare tactics."

...The 2005 Energy Policy Act exempted hydraulic fracturing from regulation under the Safe Water Drinking Act. But Rep. Diana DeGette (D-Colo.) proposed a bill last year to repeal that exemption. DeGette is now talking with Energy and Commerce Chairman Henry Waxman (D-Calif.) about either inserting her bill into pending climate legislation or reintroducing the measure on its own.

"We're hoping to move this forward shortly," DeGette spokesman Kristofer Eisenla said. Without federal oversight, he said, there is no way to really track whether the process is safe.