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Moreover, the abundance of natural gas in various regions has made it a more economically viable energy source. Advances in extraction technologies, particularly hydraulic fracturing and horizontal drilling, have significantly increased the supply of natural gas, especially in the United States. This surge in production has not only lowered prices but also decreased reliance on foreign energy sources, contributing to energy independence and enhancing national security.
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One of the most significant advantages of smart regulation is its capacity to enhance responsiveness. Through the use of data analytics, regulators can identify emerging issues and proactively address them before they escalate into crises. For instance, in sectors such as finance and healthcare, predictive analytics can help regulators foresee potential risks and implement preventive measures effectively. This not only protects consumers but also fosters a more stable and resilient economic environment.
smart regulator
