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Fri Apr 23, 2021, 12:35 PM

Make The Oil Companies Pay To Cap Their Wells Not Tax Payers

Gasoline costs $20 a gallon counting war.

Society pays for the externalities, including pollution caused sickness.

This does not count climate change.

Gas should cost its true cost. Oil revenue goes into a fund to pay for 100% of cleanup and climate offset.

Electric cars would seem like free.

6 replies, 375 views

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Arrow 6 replies Author Time Post
Reply Make The Oil Companies Pay To Cap Their Wells Not Tax Payers (Original post)
DanieRains Apr 2021 OP
bullimiami Apr 2021 #1
Phoenix61 Apr 2021 #2
DURHAM D Apr 2021 #3
gab13by13 Apr 2021 #4
FakeNoose Apr 2021 #5
fescuerescue Apr 2021 #6

Response to DanieRains (Original post)

Fri Apr 23, 2021, 12:44 PM

1. every mining venture should have the cleanup and restoration bonded before it starts.

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Response to bullimiami (Reply #1)

Fri Apr 23, 2021, 12:44 PM

2. This! nt

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Response to DanieRains (Original post)

Fri Apr 23, 2021, 12:55 PM

3. Amen

I recall that some states had a tax on wells that was collected for the expressed purpose of paying for shutdown/clean up if the oil companies went under. What happened to that fund?

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Response to DanieRains (Original post)

Fri Apr 23, 2021, 01:00 PM

4. Over the years

there are probably millions of uncapped wells. I saw one here in Pa. many years ago when I was hunting. It was oozing slime that I figure would eventually make it to a stream.

It's Socialism; privatize the profits Socialize the costs, or in this case, there are no costs to abandoned oil and gas wells. Just imagine how many have been abandoned off shore.

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Response to gab13by13 (Reply #4)

Fri Apr 23, 2021, 01:11 PM

5. PA has been negligent for too many years

It shouldn't be this way... I live in Pennsylvania and we've seen the damage done. The drilling companies just slink away and leave a mess after the profits have already been taken out. It happens all the time.


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Response to DanieRains (Original post)

Fri Apr 23, 2021, 01:20 PM

6. If we raised gas to $20. That extra $17

sure as heck isn't going back to "society". It would end up in oil executives pockets, or special interest groups.


"Should" is such a fun word. But. whenever we use it, it's usually an excursion into the fantasy world how we want things to be. instead of how they actually are.

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