Regulations for fracking have been up in the air since the contaminated water scare in Dimock, Pennsylvania. Typically states have full control fracking regulations; however, recent events caused the EPA to step in. The future of fracking no lies in the hands of federal and state government combined.
North Carolina’s hydraulic fracturing legislation has been applauded by API. The law allows for hydraulic fracturing to develop the state’s natural gas resources. API Executive Vice President Marty Durbin applauded, Senate President Pro Tempore Phil Berger and House Speaker Tom Tillis for enacting the law. The law states:
“After a commendable state study of shale energy issues, active public input and thorough deliberation, North Carolina has set in motion a process that will lead to the creation of high-paying jobs and a better energy future for the state.”
“Safe and responsible development of natural gas will provide ample supplies of energy for North Carolina families while boosting job growth and generating revenue for the government.”
In North Carolina alone, the oil and natural gas industry supports more than 135,000 jobs. A recent study indicates the development of natural gas could increase that number by more than 40,000 additional jobs by 2020.
API represents more than 500 oil and natural gas companies, leaders of a technology-driven industry that supplies most of America’s energy, supports 9.2 million U.S. jobs and 7.7 percent of the U.S. economy, delivers $86 million a day in revenue to our government, and, since 2000, has invested over $2 trillion in U.S. capital projects to advance all forms of energy, including alternatives.