Las Vegas Review-Journal: “Donald Trump repeals yet another Obama regulation”
Donald Trump repeals yet another Obama regulation
Las Vegas Review-Journal
January 1, 2018
The Trump administration rounded out the Year of Deregulation in appropriate fashion, rescinding a rule intended to punish oil and gas producers.
The regulation, imposed under Barack Obama, would have added millions of dollars to the cost of fracking operations by piling burdensome and duplicative red tape on energy producers operating on public lands.
Sensible and innovative domestic energy development —including fracking — has led to an abundance of cheap and reliable fuel and created an economic boom in many locales. It should be encouraged, not regulated out of existence.
Fracking is already subjected to scores of regulations at the federal, state and tribal levels. That won’t change with last week’s announcement.
Not to minimize the tax bill or judicial appointments, but President Donald Trump’s deregulation agenda has perhaps been the defining accomplishment of his first year in office. Mr. Trump, with the help of a GOP Congress, has wiped off the books more than a dozen major rules imposed by Mr. Obama in an effort to curry favor with progressive greens. By rescinding yet another Obama-era attempt to hamstring legitimate businesses, Mr. Trump has made clear that his job is nowhere near finished.