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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Reminder for everyone to give propublica money.
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.
Privatize profits, socialize losses. Again.
