More on Regulation
In the aftermath of the 1973 oil crisis, President Ford signed the Energy Policy and Conservation Act, which banned the export of most American crude oil. Rather than shielding the United States from volatile world markets, the ban depressed domestic oil production, made America more dependent on foreign oil, and drove up the price of gas.
The Environmental Protection Agencyâ€™s newly finalized rule on clean water unleashed a flood of criticism Wednesday from Colorado Republicans, who accused the Obama administration of engineering a federal power grab.
The agencyâ€™s hotly contested â€œWaters of the United Statesâ€ rule expands the list of waterways covered by the federal Clean Water Act, which EPA officials said would ensure that more Americans gain access to drinking water from streams, wetlands and rivers protected by the law.