Hydraulic fracturing (fracking) has taken the U.S. by storm, and as is the case with most industries that boost the economy, the federal government is seeking to crack down on the industry and regulate it out of existence.
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Nicolas Loris, senior policy analyst at the Heritage Foundation’s Roe Institute for Economic Policy Studies, weighs in on how fracking is faring across the country, and how the government is influencing the energy industry:
What is the status of hydraulic fracturing across the country? I know that it’s a very controversial issue in many states, and that Texas recently issued a municipal fracking ban. Can you give us a basic picture of what the nation looks like concerning fracking?