Fears of a tighter regulatory environment has caused the U.S. to begin importing more oil, threatening its energy independence and security, trade groups representing fossil fuel companies said.
“The signals sent very early on, most notably the cancelation of Keystone and the federal leasing ban, along with all the planned upcoming regulation and all the anti-oil and gas provisions in the reconciliation bill have sown uncertainty in the industry,” Kathleen Sgamma, president of the Colorado-based Western Energy Alliance, told the Daily Caller News Foundation.
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