Steel Institute Supports Bill to Continue State Oversight on Shale Gas

AISI Logo Hypocycloid




For Immediate Release
November 20, 2013

WASHINGTON, D.C. – The American Iron and Steel Institute (AISI) today applauded House passage of a bill allowing states to continue to make their own decisions about the regulation of shale oil and gas production. Thomas J. Gibson, president and CEO of AISI, today said that H.R. 2728, the Protecting States’ Rights to Promote American Energy Security Act which passed tonight by a vote of 235-187, would maintain state predominance in the regulation of shale oil and gas production – which the steel industry supports.

“The discovery and production of shale-based oil and natural gas is leading to significant investment, plant expansions and job creation in manufacturing sectors across the U.S. economy -- including in steel,” said Gibson. “Expanded production of affordable natural gas is providing markets for steel pipe and tube products that are essential to the production and transmission of oil and natural gas, and the steel industry is also developing new options and technologies for the production of steel that maximize the use of natural gas. Keeping up the momentum on this resource is critical in enabling international competitiveness for our industry,” said Gibson.

Gibson said the shale and natural gas renaissance is being threatened by proposed new federal regulations, which would add federal Bureau of Land Management lands rules on hydraulic fracturing and horizontal drilling to many existing current state regulations.

“These new federal regulations would be a one-size-fits-all approach that hinder the economic and energy benefits we are seeing from shale oil and gas production. By allowing state-based approaches, the economic and energy benefits from domestic shale resources will continue to be realized,” he concluded.

Contact: Lisa Harrison
202.452.7115 / lharrison@steel.org

Click here for a PDF version of this release.

AISI serves as the voice of the North American steel industry in the public policy arena and advances the case for steel in the marketplace as the preferred material of choice. AISI also plays a lead role in the development and application of new steels and steelmaking technology. AISI is comprised of 24 member companies, including integrated and electric furnace steelmakers, and approximately 125 associate members who are suppliers to or customers of the steel industry. AISI’s member companies represent over three quarters of both U.S. and North American steel capacity. For more news about steel and its applications, view AISI’s website at www.steel.org.