New reports have oilfield workers worried about job stability.
This week the Obama administration, in collaboration with the U.S. Environmental Protection Agency, proposed a regulation that would cut carbon dioxide emissions by up to 30 percent by the year 2030, but that also has several oilfield workers worried.
According to a news report from KLTV in East Texas, oilfield workers are worried that more regulation could stall the oil and gas industry and ultimately hurt the job market. They argue too much government regulation could spell big trouble.
While the proposed regulation mostly affects coal-fired plants, oilfield workers say it could have a far-reaching affect.
“I think when you go with this green initiative, you’re going to stymie the economy,” says oilfield worker Stoney Lake in the news report. He adds that it’ll have a trickle effect all the way to the oil and gas industry.
In the article, Energy WeldFab Vice President Michael Clements says he doesn’t understand why the federal government wants to regulate more, especially at a time when job growth is crucial.
The proposed rule, which is subject to public comment, will be finalized in a year.
Is the federal government regulating too much? How would this proposed regulation affect the oil and gas industry? Let us know in the comments below.