RE:RE:help us gov't, HELP us...LOLthe problem is the companies drill themselves into bankruptcy... no one held a gun to their heads and said drill more wells.... more wells! Yes drill and drill, even though we know the pipelines cannot handle more product... no matter keep drilling up more reserves cause we need to show growth... stupid fools... now beg the gov't to help you out of the problem you knew was coming... cause they saw no big new pipeline for gas and no new lng plant built yet
as for the orphan wells.... sonny, that should be paid for by the companies... they should have put enuf into the plan to rehab the sites... they decided not to put enuf into it obviously... nowthe govt that should bail these clowns out... the companies agreed to finance the plan but then under paid into it big time... cause why would they want to pay more if they could get away with not paying enuf and then have the tax payers like me bail them out!
this group of companies rake it in in good times so they can pay it back in bad times that they created themselves... let the weak die out... let a few strong survive and maybe with the fewer companies they will cut back on drilling for a few years until we have either the new demand and lowr supply, or some lng exports... cause having too many companies chasing volume growth is not so good right? LOL