Who Should Pay To Plug Abandoned Oil Wells?

Who should be responsible for plugging abandoned oil and gas wells, Big Oil, or the government and taxpayers? That’s the question being raised as the U.S. faces an increasing abandoned oil well problem, with millions of unplugged wells across the country.  The U.S. has battled with its abandoned oil well problem for years, with experts suggesting there are anywhere between 2 and 3.2 million abandoned wells across the country, of which there are 57,000 documented orphaned wells. The difficulty in coming to a concrete figure is due to…

via OilPrice

Categories: Energy