EPA and oil

EPA's administrator Gina McCarthy, has vowed that oil prices will not affect the new environmental regulations. It will also not affect the regulations coming this spring on commercial vehicles. The price for a barrel of oil is less than $50. EPA plans on decreasing methane and gas emissions by 40% from the 2012 standards by 2025. This is probably in compliance with Obama's not so secret dealing with China. Business in America will continue like usual.

EPA has always been placing environmental regulations on business, if anything these regulations will not be a surprise. People and companies will continue to use oil and gas and we will save money, at least compared to the prices before. The GOP has to agree with what EPA will propose, for we can not rely on cheap oil and gas, the price will eventually rise again. WE must slowly get rid of our dependence on non-renewable sources, and shift towards renewable sources, but the cheap prices will make that shift even slower. For the short term usually outweighs the long term to the average consumer. So people may not care about renewable energy sources as it is more expensive than existing conventional means. However, short term events are usually short, so we can hope for the better.

-Stephen