Earlier this week I wrote about the costs of fracking.
Today, Environment America released a new report: The Costs of Fracking
Socialism is alive and well in Texas. But it’s Corporate socialism: They get the profit we have to pay.
The American way is to take responsibility for your actions. If there is one thing this report shows it’s that the fracking industry refuses to be responsibility.
In the Eagle Ford Shale of south Texas where heavy fracking trucks pulverize roads and render then unusable by residents and school buses, county commissioners are raising taxes to cover the cost of road repair. When the counties explored assessing fees, industry hinted at lawsuits.
Arlington firefighters are training for the catastrophic event that is inevitable in a city saturated with drill sites but the fracking industry is suing the City of Arlington because they don’t want to use any of their record profits to help pay for the training.
The solution, as this report shows, is forcing the fracking industry to take responsibility by meaningful fines, fees and bonding requirements.
Until this ridiculous corporate socialism is ended they shouldn’t be drilling at all.
P.S. Next Time the frackers try to give you the chock-full-of-boloney line about the free market, refer them to this article: Decades of federal dollars helped fuel gas boom