Ten ways that the Obama administration can lower gas prices
From the: Heritage Foundation.
Here’s the list:
- Lift offshore and onshore exploration and drilling bans
- Approve Keystone XL
- Require timely environmental review
- Permitting process
- Issue leases on time
- Allow development of oil shale
- Stop the land grab
- Implement 50/50 revenue sharing
- Prohibit greenhouse gas and Tier 3 gas regulations
- Repeal the Renewable Fuel Standard (RFS)
3.: Require timely environmental review:: Environmental review requirements for oil and gas projects to commence on federal lands under the National Environmental Policy Act (NEPA) take too long. Congress should place a reasonable 270-day time limit on NEPA reviews.6.: Allow development of oil shale:: Oil shale production in the U.S. could be a global game changer since we hold the largest known reserves in the world. However, 70 percent of those reserves lie beneath federal lands. The Obama Administration has introduced new regulations, time frames, and significantly reduced the land available for leases. Congress should make permanent the 2008 guidelines for oil shale development in order to provide regulatory certainty.9.: Prohibit greenhouse gas and Tier 3 gas regulations:: In 2010, Interior suspended 61 leases in Montana alone because environmental groups charged that the energy production would contribute to climate change, demonstrating the need to permanently prohibit any federal agency from unilaterally regulating greenhouse gas emissions. Additionally, the proposed Tier 3 gas regulations to lower the amount of sulfur in gasoline are costly with no measurable benefits. Congress should prohibit the implementation of these regulations. Unelected bureaucrats should not hold such power over the economy.
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