- cross-posted to:
- usa@lemmy.ml
- cross-posted to:
- usa@lemmy.ml
It’s a serious policy failure that this is happening; the people paying to cap wells should be the ones who became wealthy by extracting the oil, not a bunch of random teenagers.
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Privatized profits socialized losses
And…
“We’re the cleanup crew for a party we were too young to attend.” - Kevin Gilbert, from a song on the album Thud
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This is definitely going to sound counterproductive, but I think they should have kept the first well they acquired and as a source of income and then used that income to buy and shut down other wells, then cap it.
Make the oil finance its own demise.deleted by creator
Or drilling rights should come with a required deposit that will pay for the capping once done.
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Next week: Teens become rich by adopting oil well.
