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.
Act 2. Oil and gas industry loudly blames anti-fracking environmentalists and restrictive regulations.
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Act 3. Congress rolls back environmental laws.
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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
