This report, direct from the American Petroleum Institute suggests that the only answers we need to worry about are satisfying energy demands, the need for jobs, and generating government revenues. Apparently they’ve forgotten about the damage their industry does to the environment.
WASHINGTON, May 4, 2012—API’s Senior Director of State Government Relations Rolf Hanson said that the decision by the Vermont legislature to issue a statewide ban on the use of hydraulic fracturing is shortsighted and uninformed.
“The decision by the Vermont legislature to pass a statewide ban on hydraulic fracturing follows an irresponsible path that ignores three major needs: jobs, government revenue and energy security.”
The oil and natural gas industry works with several public and private organizations like the State Review of Oil and Natural Gas Environment Regulations who specialize in assessing the overall framework of environmental regulations that address state oil and gas operations.
“Robust regulations exist at the federal and state levels nationwide for natural gas development and environmental protection. An uninformed ban on a proven technology used for over 60 years is short-sighted and irresponsible, particularly when Vermont benefits year-round from natural gas safely produced in neighboring states and provinces.”
API represents more than 500 oil and natural gas companies, leaders of a technology-driven industry that supplies most of America’s energy, supports 9.2 million U.S. jobs and 7.7 percent of the U.S. economy, delivers more than $86 million a day in revenue to our government, and, since 2000, has invested over $2 trillion in U.S. capital projects to advance all forms of energy, including alternatives.