30 Sep '15, 10am

DeSmogBlog US: "A Flaring Shame: Obama Could Close Gas Flaring Loophole, But Will He?"

This is a guest post by Lukas Ross from Friends of the Earth . Big Oil has been subsidized to the hilt for over a hundred years. In the U.S. the spoils include everything from special interest tax breaks and accounting gimmicks to royalty-free leasing and government sponsored R&D . Add them all together and every year the costs run into the billions. But one subsidy never seems to make the list, which is a shame because it is hardly small and incredibly polluting. What is it? Royalty-free flaring on public and tribal lands is a giant loophole that President Obama has the power to close before he leaves office. The widespread burning away—or flaring—of natural gas is one of the uglier side-effects of the domestic energy boom. The average oil well can lead to the production of both oil and gas, but because oil is by far the more valuable commodity, for many drillers the “ass...

Full article: http://desmogblog.com/2015/09/30/flaring-shame-obama-coul...

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