What is the right balance of federal and state regulation for natural-gas production?
The Environmental Protection Agency announced last week the first-ever federal air-emissions rules for hydraulic fracturing, an extraction process that's seen as essential for developing vast reserves of shale gas recently found all over the world but is controversial for its environmental impact. The Interior Department is expected to soon propose draft rules requiring companies drilling on public lands to disclose the chemicals they use in fracking. In addition, numerous states have already moved ahead, or are planning to move ahead, with their own laws regulating the booming natural-gas industry.
How can President Obama and Congress strike the right balance of federal rules? How can the federal government work with state and local officials to ensure adequate cooperation among all levels of government? What should the role of the states be? Is the federal government doing enough--or too much--to regulate natural gas?
What's your assessment of the EPA rules announced last week? How do they fit into the larger regulatory dynamic?