Texas Taxpayers Face $117 Billion Bill For Orphaned Oil Wells

texas-taxpayers-face-$117-billion-bill-for-orphaned-oil-wells

04-10-20 11:13:00,

Authored by Josh Owens via OilPrice.com,

The state of Texas and its taxpayers could be on the hook for paying up to US$117 billion for the cleaning-up of abandoned wells as a growing number of U.S. oil companies go bust, and the guarantees for paying for the cleanup cover only 1 percent of estimated costs, a report by climate finance think-tank Carbon Tracker showed on Thursday.  

http://www.zerohedge.com/

U.S. oil and gas producing states and taxpayers may have to pay in total as much as US$280 billion in cleanup costs, with Texas leading with US$117 billion, followed by Oklahoma with US$31 billion and Pennsylvania with US$15 billion, Carbon Tracker’s report says.

The US$280-billion estimate is for 2.6 million unplugged onshore oil and gas wells in the United States, while there may be another estimated 1.2 million undocumented onshore wells, Carbon Tracker said.

While operators are obliged to pay for the cleanup of oil and gas wells, the so-called surety bonds – the guarantee that the operator will indeed pay those costs – currently cover around 1 percent of the closure costs for plugging and cleanup of the wells, the think-tank said.

The growing number of defaults in the U.S. shale patch may put taxpayers “at risk of picking up costs in excess of available bonds,” Carbon Tracker said.

The lower-for-longer oil prices and the high debt levels of many U.S. oil companies resulted in as many as 16 filings for bankruptcy protection in the shale patch in July alone, bringing the total since the price crash to 50, the latest bankruptcy monitoring data from law firm Haynes and Boone showed at the end of August.

According to Carbon Tracker, “States can lower their orphan well liability risk and protect taxpayers by demanding higher bond rates and forcing companies to plug long-inactive ‘zombie’ wells. These actions will shift responsibility for oilfield cleanup costs to industry and also position states to qualify for U.S. federal aid.”

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In Texas ist ein Sack Mais umgefallen – We’re all living in Amerika!

in-texas-ist-ein-sack-mais-umgefallen-–-we’re-all-living-in-amerika!

29-09-20 07:19:00,

Wer sich vorwiegend über Medien wie den SPIEGEL informiert, könnte glatt auf die Idee kommen, Deutschland sei der 51. Staat der USA. Alleine an diesem Wochenende wurde der Leser dort mit gleich elf Artikeln zur Neubesetzung eines Richteramts am obersten US-Gerichtshof bombardiert. Während der aufmerksame Leser mittlerweile wohl fast alle Mitarbeiter von Donald Trump namentlich aufzählen kann, wissen sicher nur die allerwenigsten, wer der Regierungschef von Frankreich und Russland ist oder wie der Ministerpräsident von Brandenburg oder der Oberbürgermeister von Bremen heißt – von den notwendigen Hintergründen, um Vorgänge auch bewerten zu können, ganz zu schweigen. Die Methode hat System – solange wir uns als „kleine Amerikaner“ fühlen, fällt es uns schwer, uns von diesem Land loszusagen. „We’re all living in Amerika, Amerika ist wunderbar“, wie es die deutsche Band Rammstein ironisch textete. Von Jens Berger.

Hand auf ´s Herz – wissen Sie, wer in Deutschland die Richter des Bundesverfassungsgerichts nominiert, wer sie bestimmt und welche Funktion diese Institution überhaupt hat? Wenn nicht, können Sie sich trösten. Dafür sind Sie als aufmerksamer Leser des SPIEGEL sicher mittlerweile so gut über alle Haupt- und Nebenaspekte des US Supreme Courts informiert, dass es für eine Facharbeit im Studienfach „American Studies“ reichen könnte. Über die verstorbene Bundesrichterin Ruth Bader Ginsburg findet man im SPIEGEL ganze 102 Artikel inkl. Nachruf – mehr als doppelt so viel wie über den Präsidenten des Bundesverfassungsgerichts, Stephan Harbarth. Wer zur Personalie Harbarth jedoch etwas Kritisches lesen will, sollte ohnehin lieber bei den NachDenkSeiten vorbeischauen.

Ob es in Ländern wie Frankreich, Österreich, Russland oder Polen überhaupt so etwas wie einen obersten Gerichtshof gibt und welche politische Funktion er hat, ist dabei schon Expertenwissen – darüber berichtet man nicht. Warum auch? Die Musik kommt aus Washington. Während man der Personalbesetzung des Supreme Court ja noch – wenn auch ganz sicher nicht in diesem Umfang – einen gewissen Nachrichtenwert für das Auslandsressort zusprechen mag, gilt dies für den Großteil der Berichte aus den USA keinesfalls. Alleine in den letzten drei Wochen überschlug sich der SPIEGEL wieder einmal mit US-Nachrichten, die beim besten Willen keinen Nachrichtenwert haben.

So konnte der geneigte SPIEGEL-Leser am 7. September eine ausführliche Reportage über den Immobilienmarkt und den Trend, in die Vorstädte zu ziehen, lesen – freilich nicht aus Deutschland,

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Texas judge rules father of ‘transgender’ 7yo will have rights, possibly halting puberty blocker treatment

texas-judge-rules-father-of-‘transgender’-7yo-will-have-rights,-possibly-halting-puberty-blocker-treatment

25-10-19 09:42:00,

The bitterly divorced parents of James Younger, 7, will have joint medical decision-making powers, a judge ruled, blocking the mother’s attempts to pursue irreversible “gender affirmation” treatments to transition him into a girl.

Judge Kim Cooks of the 255th Family District Court ruled on Thursday that Jeff Younger will have equal rights in the matter with Anne Georgulas, who had previously been given sole custody and guardianship over James and his twin brother Jude.

Georgulas contended that James feels like a girl named “Luna” and wanted to pursue “affirmation” parenting – including puberty blocker treatment, as documents presented during the trial showed. Younger called this a “chemical castration” and campaigned to stop this, urging “watchful waiting” instead.

Also on rt.com
A girl at mom’s, a boy at dad’s: ‘Transgender’ Texas child caught in custody battle

This appears to roll back Monday’s jury decision to award sole conservatorship to Georgulas, which attracted national attention, with prominent conservative journalists and politicians mobilizing in Younger’s support.

Congressman Chip Roy (R-Texas-21) sent a letter about it to US Attorney General Bill Barr, the director of the National Institutes of Health, and the director of the National Drug Control Policy. Governor Greg Abbott said the state authorities were looking into the case as well.

According to the Texan, a local outlet that closely followed the trial – but was barred from the courtroom for the final verdict – Georgulas and her team of lawyers argued she was only pursuing a “social transition” for James. At one point, however, Younger’s lawyer produced medical records that showed James would be referred to a clinic for puberty suppression treatments – a “medical transition” – when he reached the age of eight or nine.

Also on rt.com
‘Court banned me from teaching son basic rules for boys’ – father of 7yo slated for transition

Dr. Benjamin Albritton, who appeared as a paid expert witness for Georgulas, told the court he had seen those notes before but did not include them in the final report to the court “because he did not think it seemed relevant,” according to the Texan.

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Texas Power Company Admits to Regularly Overcharging Customers Because of “Smart” Technology Data Collection Errors

texas-power-company-admits-to-regularly-overcharging-customers-because-of-“smart”-technology-data-collection-errors

26-07-19 06:03:00,

By B.N. Frank

Original utility analog meters lasted on average 40 years.  Not “Smart” Meters and their grids.  They have SO many issues associated with them including data collection errors.  This often lead to customers paying higher bills.  Another example of this was recently reported in Texas.

From the Houston Chronicle:

The manager of the Texas electric grid said Wednesday that it should not be forced to fix a data error that increased electricity costs by millions of dollars and reprice a block of wholesale power sales because generators submit erroneous data so frequently it would have to adjust prices as often as once a day.

(AS OFTEN AS ONCE EVERY DAY!!)

[…]

In its filing with the Public Utility Commission, ERCOT said it would be “imprudent” if it was forced to correct prices because on any given day the grid manager receives wrong information or data sent in error on power availability that affects wholesale prices. ERCOT said that it would cause increased price uncertainty and market instability if ERCOT were forced to reprice trades that move through the system.

(IMPRUDENT?)

Ed Hirs, an energy economist at the University of Houston, said ERCOT’s argument was astonishing for a regulator that has spent millions of dollars to build a computerized market model that prices power and measures capacity in 5 to 15 second intervals. ERCOT’s job is to create an orderly and reliable market, Hirs said, but the filing essentially described a built-in flaw that encourages any trickster to take advantage of it.

“This is a multi-billion enterprise that is unable and unwilling to repair mistakes,” he said. “How does it do its job?”

Well Ed, maybe its job is ripping off customers because they seem to be doing a bang-up job of that.

Reports keep being published about customers getting overbilled due to utility “Smart” Meter and Grid technology.  Activist Post has reported about it as well:

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A Texas Elementary School Speech Pathologist Refused to Sign a Pro-Israel Oath, Now Mandatory in Many States — So She Lost Her Job

a-texas-elementary-school-speech-pathologist-refused-to-sign-a-pro-israel-oath-now-mandatory-in-many-states-so-she-lost-her-job

17-12-18 01:24:00,

A children’s speech pathologist who has worked for the last nine years with developmentally disabled, autistic, and speech-impaired elementary school students in Austin, Texas, has been told she can no longer work with the public school district after she refused to sign an oath vowing that she “does not” and “will not” engage in a boycott of Israel or “otherwise tak[e] any action that is intended to inflict economic harm” on that foreign nation. A lawsuit on her behalf was filed early Monday morning in a federal court in the Western District of Texas alleging a violation of her First Amendment right of free speech.

The child language specialist, Bahia Amawi, is a U.S. citizen who received a master’s degree in speech pathology in 1999 and, since then, has specialized in evaluations for young children with language difficulties (see video below). Amawi was born in Austria and has lived in the U.S. for the last 30 years, fluently speaks three languages (English, German, and Arabic), and has four U.S.-born American children of her own.

Amawi began working in 2009 on a contract basis with the Pflugerville Independent School District, which includes Austin, to provide assessments and support for school children from the county’s growing Arabic-speaking immigrant community. The children with whom she has worked span the ages of 3 to 11. Ever since her work for the school district began in 2009, her contract was renewed each year with no controversy or problem.

But this year, all of that changed. On August 13, the school district once again offered to extend her contract for another year by sending her essentially the same contract and set of certifications she has received and signed at the end of each year since 2009.

She was prepared to sign her contract renewal until she noticed one new, and extremely significant, addition: a certification she was required to sign pledging that she “does not currently boycott Israel,” that she “will not boycott Israel during the term of the contract,” and that she shall refrain from any action “that is intended to penalize, inflict economic harm on, or limit commercial relations with Israel, or with a person or entity doing business in Israeli or in an Israel-controlled territory.”

The language of the affirmation Amawi was told she must sign reads like Orwellian — or McCarthyite — self-parody,

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