"Fearing a push by House Democrats to regulate a controversial form of natural gas production, an industry coalition launched a campaign yesterday arguing that new rules would kill jobs and batter the economy.
The coalition of independent oil and gas companies says a Democratic proposal to allow new oversight over hydraulic fracturing would slash domestic oil and gas production and cost the Treasury $4 billion in lost taxes, royalties, rents and other payments. But environmentalists and an aide to a Democratic lawmaker backing regulation say the claim amounts to 'scare tactics.'"
Anne C. Mulkern reports for Greenwire in the New York Times May 7, 2009.
Source: Greenwire/NYTimes, 05/08/2009
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