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jmward01today at 8:51 PM2 repliesview on HN

I can guarantee that when the oil industry collapses these companies won't take the last million in their bank accounts and use it to properly cap wells and clean up dead and soon to be decaying infrastructure. We throw money at them to destroy the environments they drill in (practically giving them the land for free). We throw money at them when they sell it (by giving them tax breaks). We throw money at them for producing the products from it (by not charging for the externalized costs of global warming and pollution in general) and we will throw money at them as they are dying (by not forcing them to pay for cleanup before starting drilling). The golden parachutes of oil execs are already being packed and everyone can see it but, shocker, nobody is stopping it.


Replies

WarmWashtoday at 9:29 PM

The big producers would do it.

Its the small guys and the fly by night mom&pop producers who leave pure environmental carnage behind.

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Dig1ttoday at 9:15 PM

Why would the oil industry collapse? It seems to me that there is nearly an unlimited demand for energy on the planet. If there's extra energy somewhere, humans will find a use for it. Quality of life for humans is directly correlated with energy abundance (of all kinds, solar is included in that).

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