From: Oil & Gas Journal
The US Environmental Protection Agency is setting booby traps for the economy as the last half term of the Obama presidency lumbers into view.
Three regulations in various stages of development will make energy costs explode.
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Related to Tier 3 is an imminent proposal by EPA to lower the allowed concentration of ground-level ozone to 60-70 ppb from 75 ppb, the standard in place since 2008. When the agency proposed a 70-ppb standard 3 years ago, the White House Office of Management and Budget quashed it in response to opposition from business groups.
In an indication that a reproposal is imminent, EPA recently sent the regulation back to OMB for review.