RealMoneyIssues
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Wish they had a 2 year and 3 year ago column...
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Wish they had a 2 year and 3 year ago column...
[TABLE="class: actual_consensus_box"] [TR="class: actual_consensus_toprow"] [TD] | Prior | Actual |
Crude oil inventories (weekly change) | ||
Gasoline (weekly change) | ||
Distillates (weekly change) |
http://www.rigzone.com/news/article.asp?a_id=113046&hmpn=1In a letter to EPA, API listed the following other "critical concerns" with the proposed rule:
- The proposal expands listed categories and applies New Source Performance Standards (NSPS) to new affected facilities in "unprecedented ways that are outside the Agency's authority." Specifically, API said that there are NSPS sources included in the proposal "that emit little to no regulated pollutant or are construction-related emissions sources that are temporary … neither of which should be included in the rule."
- The equipment prescribed to conduct reduced emission completions "will simply not be available in time to comply with the current final rule schedule." API believes that "it will take years to manufacture sufficient specialized equipment and adequately train operators how to safely conduct these operations."
- EPA's cost analyses were based on "average model facilities" that do not represent all equipment and compliance costs and, without proper variability analysis to represent the wide variety of operations in the O&G industry, failed to identify when the controls are no longer economic.
- The system of notifications, monitoring, recordkeeping, performance testing and reporting requirements for compliance assurance are overly burdensome for the small and/or temporary affected facilities that EPA is regulating. "This is a waste of time and resources for both industry and the EPA," API said.
Will EPA Shut Down Shale?:suspicious::nuts:
Investor's Business Daily
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Thursday, December 01, 2011
http://www.rigzone.com/news/article.asp?a_id=113028&hmpn=1