Wednesday, September 27, 2023
  • Submit news
  • Contact
  • DMCA
  • Cookie Privacy
  • Privacy Policy
  • Terms of Use
Oil Market News
  • Home
  • Marketdaily
  • Price
  • crudenow
  • Companies
  • politics
  • Gas
  • investing
  • Stock
  • OPEChot
  • brend
  • ships
Oil Market News
Home Market

Biden crackdown on Permian pollution to curb crude output, industry warns

1 year ago
in Market
Biden crackdown on Permian pollution to curb crude output, industry warns
Share on FacebookShare on Twitter


Jennifer A Dlouhy 7/21/2022

(Bloomberg) — The Biden administration’s plan to crack down on smog in the oil-rich Permian Basin threatens to curb crude production while gasoline prices are near record highs and energy scarcity grips the globe, the industry warned Thursday.



Oil’s lobbying heavyweights are appealing directly to top White House officials to slam the brakes on the plan, arguing that any move to redesignate drilling hotbeds in Texas and New Mexico as violating ozone air quality standards poses such high economic risks it should be subject to greater analysis and public scrutiny. 

Latest Oil News

Crude Oil Shielded From Bond and Stock Market Rout

Diesel/Russia: oil sanctions help tighten supply for industrial fuel

September 26, 2023
Crude Oil Shielded From Bond and Stock Market Rout

Russia dodges G7 price cap sanctions on most of its oil exports

September 25, 2023
Crude Oil Shielded From Bond and Stock Market Rout

Deep divisions over oil and gas industry role challenge UN climate talks

September 24, 2023
Crude Oil Shielded From Bond and Stock Market Rout

Bets on energy transition spark rise in North American pipeline deals

September 23, 2023

The Environmental Protection Agency’s proposal to cut smog raises “the potential for increased operating expenses, decreased federal leasing revenues, permitting delays and decreased oil and natural gas production in the nation’s most productive basin,” the groups said in a letter to leaders of the White House Office of Management and Budget and its regulatory affairs office. The missive was sent Thursday by the American Petroleum Institute, American Exploration and Production Council, Texas Oil and Gas Association and other groups, who have spent weeks huddling over the potential consequences of the ozone plan since it was first outlined in a public notice last month.

The move by the EPA to consider giving the Permian a so-called non-attainment designation was encouraged by conservationists who say they are alarmed by indications ground-level ozone has surged along with oil and gas development. Ozone, which is the key ingredient of smog, is formed when volatile organic compounds and other air pollution that escapes smokestacks, tailpipes and oil wells reacts with sunlight. Even at low levels, it can worsen asthma, emphysema and other respiratory illnesses.

While Texas does not have monitors taking ozone readings on its side of the Permian, those just over the border in New Mexico’s Eddy and Lea counties have recorded average ground-level ozone exceeding the 2015 federal standard of 70 parts per billion several years running. 

If the region is deemed in violation, state regulators would have three years to develop plans for lowering ozone levels, including by preventing new industrial facilities from worsening air quality and ensuring existing sites deploy technology to keep pollution at bay.

“A non-attainment designation would ensure that people and communities throughout the Permian Basin no longer suffer the harmful and costly effects of smog,” grassroots environmental and public health groups said in a July 12 letter to President Joe Biden.

The oil groups argue that the clampdown could result in existing facilities being forced to shut down and “could have the unintended consequence of slowing the approval of oil and natural gas infrastructure designed to reduce greenhouse gas emissions across the basin.” The potential economic impacts are so severe, they contend, the White House should consider the proposal a “significant regulatory action,” a designation that triggers more stringent review, and the EPA should open it up for public comment.






www.worldoil.com

Tags: BidencrackdownCrudeCurbhydraulic fracturingindustryoutputPermianPollutionShalewarns
Previous Post

Flow Meters Market Size is projected to reach USD 11.7

Next Post

Russia resumes partial gas flows to Europe through Nord Stream 1

Related Posts

Crude Oil Shielded From Bond and Stock Market Rout

Diesel/Russia: oil sanctions help tighten supply for industrial fuel

by Oil Market News
September 26, 2023
0

Receive free Lex updatesWe’ll send you a myFT Daily Digest email rounding up the latest Lex news every morning.In February,...

Crude Oil Shielded From Bond and Stock Market Rout

Russia dodges G7 price cap sanctions on most of its oil exports

by Oil Market News
September 25, 2023
0

Receive free Russian business & finance updatesWe’ll send you a myFT Daily Digest email rounding up the latest Russian business...

Crude Oil Shielded From Bond and Stock Market Rout

Deep divisions over oil and gas industry role challenge UN climate talks

by Oil Market News
September 24, 2023
0

Deep divisions over how to combat global warming at the next climate summit were on display this week, as efforts...

Crude Oil Shielded From Bond and Stock Market Rout

Bets on energy transition spark rise in North American pipeline deals

by Oil Market News
September 23, 2023
0

Receive free Energy sector updatesWe’ll send you a myFT Daily Digest email rounding up the latest Energy sector news every...

Crude Oil Shielded From Bond and Stock Market Rout

Will oil price rally mean even higher air fares?

by Oil Market News
September 22, 2023
0

Receive free Airlines updatesWe’ll send you a myFT Daily Digest email rounding up the latest Airlines news every morning.Airline passengers...

Crude Oil Shielded From Bond and Stock Market Rout

Russia puts squeeze on oil market with diesel export ban

by Oil Market News
September 21, 2023
0

Receive free Energy sector updatesWe’ll send you a myFT Daily Digest email rounding up the latest Energy sector news every...

Next Post
Russia resumes partial gas flows to Europe through Nord Stream 1

Russia resumes partial gas flows to Europe through Nord Stream 1

Subscribe
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Trend Oil News

5 Things to Know in Alaska Politics: Peltola endorsed, Rodell hired, and a White

5 Things to Know in Alaska Politics: Peltola endorsed, Rodell hired, and a White

1 year ago
TotalEnergies invests $1.5bn in Qatar gas expansion project | Energy News

TotalEnergies invests $1.5bn in Qatar gas expansion project | Energy News

1 year ago
Gas prices going up as states begin to relax stay-at-home orders during coronavirus

Gas prices going up as states begin to relax stay-at-home orders during coronavirus

1 year ago
Live news: StanChart unveils $750mn share buyback but profits miss forecasts –

Live news: StanChart unveils $750mn share buyback but profits miss forecasts –

1 year ago
Oil settles lower on China COVID flare-up, recession fear

Oil steady as recession woes counter positive Chinese signals

11 months ago
ADVERTISEMENT
Crude Oil Shielded From Bond and Stock Market Rout

Diesel/Russia: oil sanctions help tighten supply for industrial fuel

September 26, 2023

Russia dodges G7 price cap sanctions on most of its oil exports

September 25, 2023

Deep divisions over oil and gas industry role challenge UN climate talks

September 24, 2023

Bets on energy transition spark rise in North American pipeline deals

September 23, 2023

Will oil price rally mean even higher air fares?

September 22, 2023

Russia puts squeeze on oil market with diesel export ban

September 21, 2023

Crude Oil

4 Days from Deadline, EU Fails To Agree On Russian Oil Products Price Cap

4 Days from Deadline, EU Fails To Agree On Russian Oil Products Price Cap

February 1, 2023
Oil rises after U.S. fuel stocks draw down; economic concerns loom

Oil prices settle steady on higher U.S. demand, weaker dollar

January 31, 2023
S&P 500 Down 1%; Crude Oil Drops Over 2%

S&P 500 Down 1%; Crude Oil Drops Over 2%

January 30, 2023
Russia Can’t Replace the Energy Market Putin Broke

Russia Can’t Replace the Energy Market Putin Broke

January 29, 2023

Investing

Orbital Sidekick Raises $10M Investment to Monitor Oil and Gas Industry from Space 

Orbital Sidekick Raises $10M Investment to Monitor Oil and Gas Industry from Space 

February 1, 2023
Crude Oil Shielded From Bond and Stock Market Rout

Clean-energy investing poised to top money backing oil and gas after hitting a record

January 31, 2023
Crude Oil Shielded From Bond and Stock Market Rout

The Cushing® MLP & Infrastructure Total Return Fund Announces Fund Name Change

January 30, 2023
Boeing’s 747, the original jumbo jet, prepares for final send-off By Reuters

Boeing’s 747, the original jumbo jet, prepares for final send-off By Reuters

January 29, 2023

Market

Crude Oil Shielded From Bond and Stock Market Rout

Diesel/Russia: oil sanctions help tighten supply for industrial fuel

September 26, 2023
Crude Oil Shielded From Bond and Stock Market Rout

Russia dodges G7 price cap sanctions on most of its oil exports

September 25, 2023
Crude Oil Shielded From Bond and Stock Market Rout

Deep divisions over oil and gas industry role challenge UN climate talks

September 24, 2023
Crude Oil Shielded From Bond and Stock Market Rout

Bets on energy transition spark rise in North American pipeline deals

September 23, 2023

OPEC

US Close- Fed signals more hikes coming, Powell says disinflation process begun, ADP

US Close- Fed signals more hikes coming, Powell says disinflation process begun, ADP

February 1, 2023
‘OPEC does not control the price’: OPEC President | OPEC News

‘OPEC does not control the price’: OPEC President | OPEC News

January 31, 2023
OPEC+ Closely Watches Chinese Factory Data

OPEC+ Closely Watches Chinese Factory Data

January 30, 2023
Week Ahead: FOMC, BOE, ECB, OPEC, NFP and Big Tech Earnings

Week Ahead: FOMC, BOE, ECB, OPEC, NFP and Big Tech Earnings

January 29, 2023
  • Submit news
  • Contact
  • DMCA
  • Cookie Privacy
  • Privacy Policy
  • Terms of Use

© 2022 OilMarket.News

No Result
View All Result
  • Home
  • Market
  • Price
  • crude
  • Companies
  • politics
  • Gas
  • investing
  • Stock
  • OPEC
  • brend
  • ships

© 2022 OilMarket.News

wpDiscuz
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.