Federal Reserve Policy Keeps Fracking Bubble Afloat and That May Change Soon
In August 2005, the U.S. Congress and then-President George W. Bush blessed the oil and gas industry with a game-changer: the Energy Policy Act of 2005. The Act exempted the industry from federal regulatory enforcement of the Safe Drinking Water Act, the Clean Water Act and the National Environmental Policy Act. While the piece of omnibus legislation is well-known to close … Continue reading Federal Reserve Policy Keeps Fracking Bubble Afloat and That May Change Soon
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