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

[DanieRains]

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.

[bullimiami]

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

[Phoenix61]

2. This! nt

[DURHAM D]

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?

[gab13by13]

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.

[FakeNoose]

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.

[fescuerescue]

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.