It’s not just the low price of oil that’s causing trouble. Coal companies too are being ravaged by low prices.
What the heck are we going to do with the vast quantity of toxic, radioactive wastewater fracking produces?
In other words, oil is back. Big time. Along with a little noticed but crucial shift in White House rhetoric.
Pipelines corrode and rupture, threatening workers, the environment, and nearby communities. In 2013, over 119,000 barrels of oil were spilled in 623 incidents.
Two dams that will fail unless they are urgently repaired. And if they fail, catastrophic loss of life will be the result.
The victims range from monkeys to butterflies.
Japan’s most despised corporation, TEPCO, is running out of space to store radioactive water. And so it found another one of its “solutions.”
Turns out, the meltdowns were actually much worse than it previously admitted, says the most despised corporation of Japan.
It “tried to keep its rewards and shed its responsibilities by playing a corporate shell game, putting its oil-and-gas business in a new entity and leaving behind a bankrupt shell” with environmental liabilities of defunct, polluting businesses.
Why are most of the damages of an oil spill, such as the BP Deepwater Horizon, picked up by taxpayers? A federal liability cap of a ludicrous $75 million, that’s why. Big oil loves that subsidy and thwarts efforts to raise it to realistic levels.