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Obama Planning New Rules For Oil and Gas Industry's Methane Emissions
mdsolar sends this quote from the NY Times:
In President Obama's latest move using executive authority to tackle climate change, administration officials will announce plans this week to impose new regulations on the oil and gas industry's emissions of methane, a powerful greenhouse gas, according to a person familiar with Mr. Obama's plans. The administration's goal is to cut methane emissions from oil and gas production by up to 45 percent by 2025 from the levels recorded in 2012.
The Environmental Protection Agency will issue the proposed regulations this summer, and final regulations by 2016, according to the person, who spoke on the condition of anonymity because the administration had asked the person not to speak about the plan. The White House declined to comment on the effort. Methane, which leaks from oil and gas wells, accounts for just 9 percent of the nation's greenhouse gas pollution — but it is over 20 times more potent than carbon dioxide, so even small amounts of it can have a big impact on global warming.
The Environmental Protection Agency will issue the proposed regulations this summer, and final regulations by 2016, according to the person, who spoke on the condition of anonymity because the administration had asked the person not to speak about the plan. The White House declined to comment on the effort. Methane, which leaks from oil and gas wells, accounts for just 9 percent of the nation's greenhouse gas pollution — but it is over 20 times more potent than carbon dioxide, so even small amounts of it can have a big impact on global warming.
To be fair,
Nahh, thats no fun. If we play the politics game we get some fun facts(ish): Obama has delivered Michelle Bachman's promise of $2 gas (http://www.washingtontimes.com/news/2011/aug/19/michele-bachmann-stands-by-2-a-gallon-gas-pledge/) and is on track to deliver Mitt Romney's promise of 12M new jobs (or get real close anyway, 2.5M jobs are currently being added each year). Of course we all know the main connection between administrations and economic issues is taking credit when things are good and getting blamed when things are bad. (That said there are exceptions such as deregulation->mortgage crisis...getting off topic here)
If we want to be fair, these new methane regulations are merely holding oil producers accountable for the consequences of their activities. If that reduces production then its only reverting back to what it should have been all along had all costs been considered at the outset.
Side note: since those industrious oil scamps increased production all on their own without federal handouts (i.e. access to fed managed land) then we no longer need to consider drilling in ANWR and the like, right?