State-based regulation of hydraulic fracturing is more effective than federal oversight, writes David Spence of the University of Texas. "[B]oth the benefits and the costs of fracking fall mostly on states and local communities," Spence says. The federal government "should regulate when the important impacts of the regulated activity cross state lines, when states cannot regulate efficiently or when national interests are at stake. None of these justifications apply to fracking," he adds.

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