BREAKING: Obama Admin Just Announced HORRID New Regulations – Doing THIS To Gas Prices…

BREAKING: Obama Admin Just Announced HORRID New Regulations – Doing THIS To Gas Prices…

The Obama administration on Thursday announced a set of much-awaited — and first ever — steps to regulate oil and gas industry emissions of methane, a powerful greenhouse gas second only to carbon dioxide in its role in the climate debate…a debate that is far left leaning and lacking evidence to support. As always, government deems that more of their job-killing regulations will solve an imaginary problem.

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From the Washington Post:

The Environmental Protection Agency unveiled a new rule that will target emissions from new or modified oil and gas wells — and prevent 11 million metric tons of carbon dioxide equivalent emissions by the year 2025, the agency said.

And while this would not apply to the vast numbers of existing rigs, well pads and auxiliary equipment that have driven a historic boom in domestic oil and gas production, the agency also signaled that it plans to regulate these as well. It issued a new request for more information from industry to help study how to contain emissions from these sources.

The new policies “will help combat climate change and reduce air pollution that immediately harms public health,” EPA Administrator Gina McCarthy said on a media call Thursday.

“Every leak that is fixed means more gas is available to be used or sold and less pollution is affecting the health of our communities, as well as the stability of our climate,” McCarthy continued.

“It doesn’t make sense that the administration would add unreasonable and burdensome regulations when the industry is already leading the way on methane reductions,” said Kyle Isakower, API’s vice president of regulatory and economic policy, in a call with reporters Thursday. “The last thing we need is more duplicative and costly regulation” that could stifle innovation and potentially lead to higher energy costs.

The group’s leaders also questioned EPA’s estimates of what the new regulations would cost the industry, and said that by imposing a “one-size-fits-all” approach to regulating methane emissions, the EPA would saddle companies with new monitoring and record-keeping responsibilities, when companies already have good reason to find inventive ways of avoiding leaks.

So the government wants to regulate the methane business? Are they going to regulate the flatulence of every mammal on earth? Maybe I shouldn’t give them the idea…this administration is as left-wing, hippie crazed as they come.

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