From what I've seen, the "industry" isn't against regulation entirely. The problem with federal regulation in general is that the EPA can be driven by political appointees who do not have sufficient time or knowledge of the nuances to make informed decisions. On the other hand, individual state employees may be seen to be "in bed" with the industry. No easy solutions here, but the majority of fracking sites (the really deep sites) should be very well clear of groundwater concerns. This is especially true of the Texas and Pennsylvania drilling. Less so in Wyoming.