API to Obama: You can't regulate fracking.

[wtmusic]

American Petroleum Institute President Jack Gerard.

"Two pro-business energy leaders said Wednesday that federal regulations and taxes are putting the U.S. oil and gas industry at risk, delaying the creation of jobs and technological innovation.

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Both Gerard and Harbert touted the potential that growth in the energy sector has for the overall economy. They urged President Barack Obama and federal regulators to be welcoming to ideas from the industry.

“You can’t be for the potential energy development in the United States and be against hydraulic fracturing,” Gerard said. “You fundamentally can’t regulate the very technology that has created the potential and deny the ability to use that in places where we can see job creation, revenue creation.”

http://blogs.marketwatch.com/election/2012/11/14/industry-lobbyists-call-for-lighter-oil-gas-regulations/

[Arctic Dave]

1. The API is full of shit.

There is zero correlation between regulations and negative energy potential.

[limpyhobbler]

2. It's just an act where they always cry over-regulation even when there is no serious regulation.

It's just part of their ongoing campaign to saturate the media and public understanding with their vile propaganda and lies.

Obama has bent over backward to give them everything they want despite the pleas of local citizens groups trying to protect our water and health.

[AverageJoe90]

3. Jack Gerard needs to STFU.

And in fact, what has happened when regulations have been ignored? Just look at the BP Oil Spill along the Gulf Coast.