Despite legislative successes, increased federal regulation threatens US oil and gas ///

Over the past year, the Obama administration has moved on a number of fronts to increase regulation and oversight of the US oil and gas industry, including financial reform, climate legislation, agency-implemented CO2 regulation, and oil and gas leasing. Although not all of these initiatives will be successful, increased litigation and greater uncertainty are sure to result from those that do succeed. Consequently, US oil and gas production and distribution will be getting increasingly difficult and expensive.

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