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

[applegrove]

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.

[Wounded Bear]

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.

[applegrove]

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.

[3Hotdogs]

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