US148 - Cost of Environmental Regulatory Process
Essential environmental protection does not require destroying jobs, infringing on property rights, or curtailing freedom. Insisting on a basic cost-benefit analysis for regulations will restore an appropriate balance and common sense to environmental policy.
To protect a lizard, the Obama administration is trying to stop oil and gas exploration in West Texas. Even more ominously, if the Obama administration succeeds in banning hydraulic fracturing – which has opened vast new reserves of oil and gas – tens of thousands of jobs will be lost and America will be left even more dependent on foreign dictators for our energy needs.
The problem with this idea is that your idea of proper accounting for cost is probably not the same as mine. That "proper accounting for cost" is a good idea is a truism. I do suspect, however, that our administrative agencies should develop stronger frameworks for rational decision-making. This would involve defining performance metrics, projecting possible scenarios, and evaluating options explicitly through a cost/benefit/risk model.
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