Fracking Gets Nod from Bureau of Land Management

24/7 Wall St.

FrackingThe Department of the Interior’s Bureau of Land Management (BLM) may have dated regulations for hydraulic fracturing, or fracking, on public and Indian lands. That will, for the time being, keep the relatively new way to add to energy supplies from a stiff set of new rules. As far as the matter goes, the federal government has accepted the fact that it is slow to decide on new regulations, or it is willing to keep old ones in place if they help the economy to move forward.

The economic benefits of fracking cannot be argued. Analysts can look at the jobs and GDP benefits in North Dakota — the current fracking capital of the world. And also forecasts of what the process and the resulting access to oil reserves will do to make the U.S. energy independent within a decade — something that seemed impossible two or three years ago…

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