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Danger of overregulating fracking

Editor's note: The op-ed was written by William F. Shughart, J. Fish Smith Professor in Public Choice at Utah State University. In addition to running in the Deseret News it was also picked up by several other newspapers across the country, including the Arizona Daily Star, the Yakima Herald-Republic, the Gainesville Times in Georgia, and the Duluth News Tribune in Minnesota.

Danger of overregulating fracking

The Hill

By William F. Shughart II

The emergence of hydraulic fracturing to recover oil and natural gas generally is seen as an economic success story. It has vaulted the United States into the ranks of the world’s top oil and gas producers and led to a manufacturing renaissance whose effects few could have foreseen at the start of the 1990s.

A dozen years ago, shale gas amounted to only 2 percent of total domestic gas production. Today, it is 40 percent and rising. Natural gas is in such ample supply that its price is one-third to one-half less here than what it fetches in Europe or Asia.

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