Oil Markets, Regulatory Wisdom and Policy Vision
Posted March 18, 2015
Industries Are Critical of Proposed Stricter Ozone Standards
The Hill: Business groups are waging war on the Obama administration’s proposal to reduce ozone pollution, arguing the regulations would cripple the U.S. economy.
In order to comply with the proposed rule, many areas of the country would have to all but shut down land development and oil and natural gas drilling, industry groups charged on the final day for comments.
The Environmental Protection Agency (EPA) is being spurred on by greens and health groups, who argue that lower ozone emissions would benefit public health. The agency, they contend, is obligated to adopt the stricter standards.
But the rules would translate to higher electric bills for American families, the American Coalition for Clean Coal Electricity is said in comments it filed Tuesday.
“At the same time, declining real household incomes coupled with increasing energy costs are harming the 60 million American families with low and middle incomes.”
The American Petroleum Institute (API) said it is too soon to change the standard of 75 parts per billion, the current standard set in 2008. The EPA is proposing a cut to between 65 and 70 ppb, but many states and localities have not yet begun to implement the 2008 regulation, the group notes. …
… In a joint statement, the American Wood Council and the American Forest and Paper Association argued that the regulation would hurt them too.
Read more: http://bit.ly/1Lu4c5b
More industry news:
- Analysis: Why OPEC Can’t Kill the U.S. Oil Boom: http://cnnmon.ie/1xfijFn
- Concern Grows That Oil’s About to Hit the Tank Tops: http://on.wsj.com/1x0mTqH
- Analyst: Low Global Oil Prices Unlikely to Slow Some US LNG Projects: http://bit.ly/1BxSYBH
- CEO Says Oil Market Will Balance Out Later This Year: http://bloom.bg/18HtzPf
- Blog: Why 1974 Oil Embargo Should Be Lifted: http://desert.sn/1FBZZY7
- Offshore Auction Tests Industry’s Appetite Amid Slumping Prices: http://bit.ly/1AEXRcT
About The Author
Mark Green joined API after a career in newspaper journalism, including 16 years as national editorial writer for The Oklahoman in the paper’s Washington bureau. Previously, Mark was a reporter, copy editor and sports editor at an assortment of newspapers. He earned his journalism degree from the University of Oklahoma and master’s in journalism and public affairs from American University. He and his wife Pamela have two grown children and six grandchildren.
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