Friday, June 30, 2023

Wasting Gas

Here is a report about a common practice in the oil and gas industry:

https://apnews.com/article/new-mexico-fines-oil-pollution-ee84aae6b0e3844578eecc5212f08aac

Oil and condensate can be transported from wellhead to market via truck, while natural gas cannot. So if there's no pipeline, companies will just burn it off.

Note the report makes no mention of the difficulties encountered by those who would like to expand the local pipeline network or build new ones. Didn't "Joe Biden" recently come out AGAINST pipelines?

The current fabric of regulation and economic reality ultimately may make it unprofitable for oil and gas companies to operate in the US. Then what?

Are you happy now?

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