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The American Oil Industry’s Playbook, Illustrated: How Drillers Offload Costly Cleanup Onto the Public (www.propublica.org)

submitted 1 week ago* (last edited 1 week ago) by [email protected] to c/[email protected]

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Oil executive Tom Ragsdale walked away from his old wells, making the pollution left behind the state of New Mexico’s problem. His tactics, however, are ubiquitous in the industry.

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[–] [email protected] 3 points 1 week ago (1 children)

Reminder for everyone to give propublica money.

[–] [email protected] 0 points 1 week ago

An oil article bringing up 90s politics without any mention of Reagan or Bush? Some journalism. The LLC was (nationally) championed by Reagan, and Bush was notoriously soft on oil and regulations.

The Oil Pollution Act of 1990 was basically instructions on how to avoid penalty.

[–] [email protected] 2 points 1 week ago

Privatize profits, socialize losses. Again.