New Mexico is light years ahead of Texas in regulations to protect the environment and citizens from dangerous drilling practices.
Drilling Santa Fe has the details.
They also provide some interesting numbers:
Despite record profits, Big Oil will receive 33 billion in handouts from taxpayers over the next 5 years.
$23.3 billion in tax loopholes
$3.8 billion in royalty rollbacks
$1.6 billion in R&D subsidies
$4.3 billion through accounting gimmicks
Add to that, broad exemptions from our federal environmental laws, and penaltkes that are nonexistent or very forgiving and it makes a sweet ride for Big Oil.
These things we must change.
About Sharon Wilson
Sharon Wilson is considered a leading citizen expert on the impacts of shale oil and gas extraction. She is the go-to person whether it’s top EPA officials from D.C., national and international news networks, or residents facing the shock of eminent domain and the devastating environmental effects of natural gas development in their backyards.
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All of that for eight years — AND — I’m still paying nearly $4 for a gallon of gasoline!! There is something is wrong with this picture!! It’s time to try another approach!