The Obama administration's efforts to regulate hydraulic fracturing at the federal level could stunt the job and energy benefits of shale natural gas, writes Robert L. Bradley Jr., founder and CEO of the Institute for Energy Research. "Rather than rushing to regulate, the administration should be lauding fracking's success. ... Cheap natural gas also is leading to resurgent U.S. manufacturing. Dow Chemical and other petrochemical companies are choosing to retain operations in the United States rather than move to Asia, where labor costs are lower," Bradley says.
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