Obama Natural Gas Task Force Announced

 

Obama Natural Gas Task Force Announced
 
Monday Morning Report, April 16, 2012
 
The Obama administration is taking new steps to increase federal oversight of hydraulic fracturing, a drilling method that has helped usher in a natural-gas boom.
 
The U.S. Environmental Protection Agency ( EPA) is slated to unveil final oil-and-gas air pollution regulations next week.  Separately, the Interior Department will soon float rules for hydraulic fracturing on public lands that will effect operations on BLM property in California.
 
Last Friday, President Barak Obama signed an executive order establishing a high-level task force charged with coordinating federal oversight of domestic natural-gas development. The task force is charged with ensuring that rapidly growing efforts to tap vast natural-gas supplies in the country’s shale formations, which require advanced drilling techniques including “fracking,” are “safe and responsible.”
 
The task force is being chaired by White House energy adviser Heather Zichal through the Domestic Policy Council. Members will include “deputy-level representatives” from the Defense Department, Energy Department, Interior Department, Commerce Department and the Environmental Protection Agency, among other federal agencies.  
Zichal met with several industry groups at the White House Friday ahead of the announcement, including the American Petroleum Institute, the American Gas Association and the National Association of Manufacturers.
 
Hydraulic Fracturing of shale formations involves high-pressure injections of sand, water and chemicals that allow natural gas trapped in rock formations to flow. The practice, combined with advances in horizontal drilling technology, has enabled major growth in natural-gas production from shale in recent years.
 
The federal Energy Information Administration estimates that shale gas will grow from 23 percent of U.S. gas production in 2010 to 49 percent in 2035. EIA, in a report earlier this year, projected that total U.S. gas production will rise from roughly 22 trillion cubic feet in 2010 to around 28 trillion cubic feet in 2035.
   
 
 
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