Posted August 14, 2014
The EPA’s Latest Threat to Economic Growth
Wall Street Journal (Jay Timmons, NAM): In a town famous for inaction, Washington is gearing up to take action on a major policy issue. But there's a hitch: The outcome could be the most expensive regulation in the nation's history, possibly tanking the economy and costing jobs at a time when businesses, manufacturers and families are making a comeback.
Later this year, the Environmental Protection Agency will decide whether it should tighten the air-quality standard for ground-level ozone. There are several things about this possible new standard that are alarming.
Just a few years ago, in 2008, the EPA set ozone standards for air quality at 75 parts per billion (ppb). And just recently the second-highest court in the land held that the current standard protects public health.
Yet even before states have fully implemented the 2008 standard, the EPA is expected to propose revising it to as low as 60 ppb. In 2010, the EPA estimated that the annual compliance costs for a 60-ppb standard would be $90 billion in 2020.
Read more: http://on.wsj.com/VpLDX8 (subscription publication)
More industry news:
Blog: U.S. Was World’s Largest Petroleum Producer for 18th Straight Month in April: http://bit.ly/Y9lGx2
EIA: Eagle Ford to Cross 1.5 Million Daily Barrels in September: http://bit.ly/1sZplZz
Refiners Adapt as Oil Supply Tips Away from Imports: http://bit.ly/1nTeb2g
Thanks to Fracking, Texas Economy Humming, Could Get $8.4 Billion for Rainy Day Fund: http://bit.ly/1AhbDnw (subscription publication)
Editorial: Gov. Cuomo Bets Against Fracking: http://bit.ly/1oM9LdM
A Paper on Keystone’s Climate Impacts Would Fail Econ 101: http://bit.ly/1oMboIq
ABOUT THE AUTHOR
Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.