PRS: Gas drilling presents Obama with historic choices
PITTSBURGH — Energy companies, environmental groups, and even Hollywood stars are watching to see what decisions President Barack Obama makes about regulating or promoting natural gas drilling.
The stakes are huge. Business leaders don’t want government regulations to slow the flow of hundreds of billions of dollars of clean, cheap domestic energy over the next few decades. Environmental groups see that same tide as a potential threat, not just to air and water, but to renewable energy. And on a strategic level, diplomats envision a future when natural gas helps make the U.S. less beholden to imports.
Some say the unexpected drilling boom presents historic options — and risks — for the Obama administration.
“It’s a tough choice. The president is in a real bind,” said Charles Ebinger, director of the energy security initiative at the Brookings Institution, a Washington, D.C., nonprofit. “I think the question is what does he want his legacy to be?”
Ebinger said that if Obama fully embraced the boom in gas drilling the nation could see “incredible” job gains that could lead to “a re-industrialization of America.” Possibilities like that are tempting to any president, and perhaps even more so in the current economy.
“But really embracing this stuff is going to bring him squarely in conflict with some of his environmental supporters. It’s not without some possible peril, particularly if he gets to be seen too cozy with the oil and gas folks,” Ebinger said.
Hydraulic fracturing, or fracking, has made it possible to tap into deep reserves of oil and gas but has also raised concerns about pollution. Large volumes of water, along with sand and hazardous chemicals, are injected underground to break rock apart and free the oil and gas.
Environmental groups and some scientists say there hasn’t been enough research on water and air pollution issues. The industry and many federal and state officials say the practice is safe when done properly, and that many rules on air pollution and disclosure of the chemicals used in fracking are being strengthened.
