"The shale boom in America is just beginning. We have an unprecedented opportunity to create millions of new jobs and generate hundreds of billions of dollars for our government. With the right public policies and government leadership, this could be a game changer for the United States," said Carlton Carroll, a spokesman for the American Petroleum Institute. "By following through on his own executive order to eliminate overly burdensome regulations, President Obama can rein in plans to impose regulatory burdens that could cost businesses hundreds of billions of dollars and chill economic growth."
"API is not opposed to controls on oil and gas operations so long as the controls are cost-effective, allow sufficient lead time and can be implemented safely," Carroll said in an email, adding that the industry has requested some technical clarifications to the rule and is working with EPA on those.