[Congressional Record Volume 156, Number 24 (Wednesday, February 24, 2010)]
[House]
[Page H758]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
HYDRAULIC FRACTURING
(Mr. FLEMING asked and was given permission to address the House for
1 minute.)
Mr. FLEMING. Mr. Speaker, the same team that brought America the job-
killing, tax-hiking cap-and-tax legislation appears to be at it again.
Just last week Representatives Waxman and Markey began committee action
aimed towards giving the EPA unprecedented power to enact oppressive
regulations on hydraulic fracturing--the technology that allows
producers to reach natural gas, which has been proven safe for over 60
years.
This action would have a far-reaching negative impact on energy
producers and consumers alike, particularly in formations such as the
Haynesville Shale in my district which depends on hydraulic fracturing.
In 2008, the Haynesville Shale pumped $4.5 billion into Louisiana's
economy and created over 32,000 jobs.
Adding additional layers of regulations to hydraulic fracturing would
not only result in sharp increases in costs to small and independent
producers, it would dramatically decrease output and job creation.
Production could grind to a halt and billions of dollars in Federal and
State revenue would be at risk.
We need to get away, again, from this crazy scheme.
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