API makes case against federal fracking regulations

08/25/2013 | SNL Financial (free content)

The federal government's proposed hydraulic fracturing rules are duplicative and would cause further delays and increase costs for domestic oil and natural gas production, said Erik Milito, upstream director of the American Petroleum Institute. "The BLM has taken steps to improve its proposal from last year, and it wisely follows the lead of states that have already adopted FracFocus to improve transparency, but there is still no clear benefit to imposing additional federal rules on top of state environmental stewardship," Milito said.

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SNL Financial (free content)

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