True Cost of Gasoline artificial subsidies: "So you think you're getting a good deal on a tank of gasoline these days? You wouldn't think so if all the oil industry tax subsidies received from the federal and state governments and other costs that went into producing that gallon of gasoline were included in the pump price.
Such external costs push the true price of gasoline as high as $15.14 a gallon, according to a new report released by the International Centre for Technology Assessment.
"In reality, the external costs of using our cars are much higher than we may realize," the Washington-based research group said in its report."
'via Blog this'
Sunday, June 9, 2013
Abandoned Oil Wells Raise Fears of Pollution | Peak Oil News and Message Boards: "Abandoned oil field equipment is a common problem in Texas, which is home to vast numbers of old wells that were never properly sealed. Some remain from the heady decades of the early- to mid-20th century, before current standards kicked in. In recent decades, regulators have worked to plug the old wells so they do not act as a conduit for liquid pollutants to enter groundwater. But some fear that the recent surge in oil drilling, brought about by the modern practice of hydraulic fracturing, will set off worrisome encounters with the old wells."
at 6:54 PM