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BBA's out of its first ever rules aimed at regulating the process of drilling for natural gas the new rules require drillers to capture the gap that -- released -- the well the first tapped.
BBA says this practice can save the industry up to ninety million dollars a year because they can sell -- -- it the additional gas that was collected.
But our next guest called those cost savings to the industry disingenuous -- even fraudulent.
Joining is that explain -- Daniel Kish is senior vice president.
A policy of the institute for energy research why do you think those claims are disingenuous.
Or even fraudulent.
Well because it's not in the interest of the gas producing companies the drillers of the anybody who's evolved that business to waste a product that's worth something and as a matter of fact and in the EPA knows this.
Their own studies that led them to this rule which was forced on about a court show that.
It as much as.
They've overrated -- above fifteen times as much as is actually happening.
That the truth about this regulation as its part and parcel of of an ongoing effort by the PA to.
Push energy costs higher and higher and higher so that the renewable forms of energy that the president prefers.
Can become the as he calls and profitable -- it's the up.
Tonya Harding approach to energy you whack here policy -- -- Before you win the view -- well without irony he.
Can't really do that but I I suppose the EPA is what is -- bottom line what's the real deal on whether fractionally to actual contaminate our water what's the -- the latest -- showing.
-- the latest research is that.
The EPA in three different instances and in Texas Wyoming and Pennsylvania said that there was a problem related to fracking in and had to back away from -- The truth is -- continues to say that there's not a problem with hydraulic fracturing there are sometimes when wells.
Have a problem.
They would have that problem whether they're related to -- -- -- but we've done over a million of fracking.
Wells in the United States over sixty years and never had an identified.
Release of that into the into the atmosphere but.
-- -- they're gonna continue to try to do this this is Washington that's how you make policy to do is settle.
Yes I mean at the same time I came across a report last week from that.
I US GS saying that they think fracking is causing earthquakes that they tied it to -- usual rising earthquakes.
Seeing that a quote almost certainly these earthquakes were -- -- caused by wastewater from oil and gas drilling injected into the ground what about that.
Well there's two things here in this is -- gets a little confusing.
What they're talking about is not fracking what they're talking about is wells that are drilled that are used by municipalities.
That are used by -- there injection wells they're different sorts of wells have nothing to do with -- And fracking produces additional water which sometimes is injected in these wells -- that isn't what's causing this what's causing it.
In some cases is is the injection wells themselves which -- they're used in have been used for.
For years it's still -- problem -- that house like a problem.
Well it it's a problem to the extent that it continues to.
That there is waste water produced the beauty of the way the private sector works.
Is that companies are even today looking for ways of finding ways to reduce the amount -- water that.
Is necessary to go into those wells by.
Almost 90% so these things solve themselves.
What happens when the government gets involved and is it is we end up would GSA.
Type approaches to things.
OK well that's true yeah -- doesn't I can't thank you so much for joining us we appreciate it okay we'll experiment.
Thanks a lot again.