The Wall Street Journal reports that the federal regulators have instituted the first regulation to curb hydraulic fracturing. This technique is responsible for renewed oil production activity in the United States.
WASHINGTON—Federal regulators put in place the first significant curbs on the fast-spreading drilling technique called fracking since widespread concerns about its environmental impact surfaced. But in a sign of the political sensitivities surrounding the issue, they gave companies more than two years to comply.
Could this be the wrong time to slow oil production in the US? What do you think? Read more about it on the Wall Street Journal.
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