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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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Regulators also play a crucial role in consumer protection. In various industries, including telecommunications, healthcare, and energy, specialized regulatory agencies work to ensure that consumers are treated fairly. For instance, the Federal Communications Commission (FCC) in the U.S. regulates communications systems, ensuring that consumers have access to reliable services at fair prices. Similarly, food safety regulators enforce standards that protect consumers from harmful products, safeguarding public health. By establishing guidelines and monitoring compliance, these regulators help create a safer marketplace for consumers.
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