Here’s The Script, in four despicable acts:
Act 1. Fracking boom goes bust as production from shale gas and tight oil wells stalls out and lurches into decline.
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Act 2. Oil and gas industry loudly blames anti-fracking environmentalists and restrictive regulations.
Act 3. Congress rolls back environmental laws.
Act 4. Loosened regulations do little to boost actual oil and gas production, which continues to tank, but the industry wins the right to exploit marginal resources a little more cheaply than would otherwise have been the case.
Read More: Environmentalists Blamed for Bursting Fracking Bubble
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