I don't understand what you mean by "the producing class."
In my mind, that means the people who bring stuff to market, which they can sell or trade or contribute, whether under radical socialism, a social-credit system, or a currency system.
The non-productive class includes the government, but it also includes the moneylenders, which inc…
I don't understand what you mean by "the producing class."
In my mind, that means the people who bring stuff to market, which they can sell or trade or contribute, whether under radical socialism, a social-credit system, or a currency system.
The non-productive class includes the government, but it also includes the moneylenders, which includes all the "shareholders" in modern economies. And of these three classes, the one that does the best under deregulation is the moneylenders.
Deregulation doesn't really hurt the government, but it devastates the producers.
For well, ever, we haven't made the oil extractors cap their wells when they no longer produce a profitable amount of oil. The Biden administration is requiring oil producers to cap the wells they are taking offline, but 3.5 million are abandoned with no consequences to the companies that raped the earth to steal our natural resources for profit.
Current National Statistics: Well Count, Location, Emissions
There are an estimated 3.5 million abandoned oil and gas wells in the U.S., including plugged (~39%), orphaned, and inactive wells (data not disaggregated; 1990-2020 Draft Inventory of Greenhouse Gas Sources and Sinks; US EPA (2022)).
U.S. abandoned wells are concentrated in Appalachia and the Midwest, the Gulf and Central states, the Rocky Mountains, and California, with the majority occurring in four states: TX, PA, KS, and WV (FIG. 1).
In 2019, fugitive U.S. methane emissions from abandoned wells had an estimated thermal energy value of 284 kilotons—equivalent to 7.1 million metric tons (MMT) of CO2 with a 95% confidence interval of 1.1 to 20.8 MMT, the highest uncertainty among the nation’s largest sources of methane (US EPA 2021).
I don't understand what you mean by "the producing class."
In my mind, that means the people who bring stuff to market, which they can sell or trade or contribute, whether under radical socialism, a social-credit system, or a currency system.
The non-productive class includes the government, but it also includes the moneylenders, which includes all the "shareholders" in modern economies. And of these three classes, the one that does the best under deregulation is the moneylenders.
Deregulation doesn't really hurt the government, but it devastates the producers.
I'm not writing a dissertation. Companies want free rein to produce and sell regardless of any potential damage to the environment.
For well, ever, we haven't made the oil extractors cap their wells when they no longer produce a profitable amount of oil. The Biden administration is requiring oil producers to cap the wells they are taking offline, but 3.5 million are abandoned with no consequences to the companies that raped the earth to steal our natural resources for profit.
Current National Statistics: Well Count, Location, Emissions
There are an estimated 3.5 million abandoned oil and gas wells in the U.S., including plugged (~39%), orphaned, and inactive wells (data not disaggregated; 1990-2020 Draft Inventory of Greenhouse Gas Sources and Sinks; US EPA (2022)).
U.S. abandoned wells are concentrated in Appalachia and the Midwest, the Gulf and Central states, the Rocky Mountains, and California, with the majority occurring in four states: TX, PA, KS, and WV (FIG. 1).
In 2019, fugitive U.S. methane emissions from abandoned wells had an estimated thermal energy value of 284 kilotons—equivalent to 7.1 million metric tons (MMT) of CO2 with a 95% confidence interval of 1.1 to 20.8 MMT, the highest uncertainty among the nation’s largest sources of methane (US EPA 2021).
Excerpt from the Department of Interior website
https://www.doi.gov/sites/doi.gov/files/federal-orphaned-wells-methane-measurement-guidelines-final-for-posting-v2.pdf