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Thu Jan 23, 2020, 10:58 PM

Alberta has 94,000 inactive + abandoned oil and gas wells. Why? Industry self

Last edited Sat Jan 25, 2020, 11:21 PM - Edit history (1)

regulation. North Dakota has less than 2000 and they regulate properly. Exploration is not hurting there. The weĺls will take $100,000 to $1/2 million to get rid of. People can't sell their farmland because nobody wants the industrial mess. CBC News Just an fyi. Like with Boeing and the 737 Max, self regulating is dangerous and costly.

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Reply Alberta has 94,000 inactive + abandoned oil and gas wells. Why? Industry self (Original post)
applegrove Jan 23 OP
Wounded Bear Jan 23 #1
applegrove Jan 23 #2
3Hotdogs Jan 23 #3

Response to applegrove (Original post)

Thu Jan 23, 2020, 11:31 PM

1. Pretty much the same everywhere...

they come in, extract what they can and make millions (billions?), and leave a mess for someone else to clean up.

If you don't regulate, that's what they'll do every time.

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Response to Wounded Bear (Reply #1)

Thu Jan 23, 2020, 11:54 PM

2. There was a % the oil companies were supposed to put aside for clean up but of course

The math was 'wrong' and nobody 'caught' it. It is going to cost billions. Like $30 Billion if you average the cost.

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Response to applegrove (Original post)

Thu Jan 23, 2020, 11:56 PM

3. No so. Don'tja know, regulations is what is keeping 'merica from being great again?

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