Regulatory Road Less Than Clear
With the election behind us, energy companies fear that federal regulators now free of political pressures will unleash a wave of new regulations, according to Reuters:
Tougher restrictions are expected for companies drilling on federal lands as well as more rules governing water management and methane emissions.
For some time, federal regulators have been attacking hydraulic fracturing, the technology that’s led to America’s shale boom, so new rules might be coming down the pike.
The story also warns that in December, chemical producers that use industrial boilers might have to deal with a revised Boiler MACT (Maximum Achievable Control Technology) rule. According to the Heritage Foundation, this rule would cost $5.2 billion initially and $1.8 billion annually.
This story may be a hint at the deluge of new regulations set to hit finance, health care, and other industries at the end of 2012 and into 2013. This would blanket businesses with new sets of uncertainties in a difficult economy.