EPA’s methane rule targeting waste is conservative – good for business and our futures: David Jenkins

EPA’s methane rule targeting waste is conservative – good for business and our futures: David Jenkins

In a guest column today, David Jenkins of Conservatives for Responsible Stewardship praises the U.S. Environmental Protection Agency’s new methane waste rule as a blow for conservatism in energy policy, preventing pollution and needless waste at the pump while improving output.Chris Morris, Advance Local CINCINNATI — Remember the wise old saying, “Waste not, want not”? This simple truism reflects the conservative ethic of conservation. From Sunday school to the kitchen table, we have all been taught not to waste. Waste is not only wrong, it’s costly. And this is particularly true when it comes to energy. We know putting insulation in our attics and turning lights off reduces energy waste and saves us money.Just as wasting energy at home increases our energy bills, the same thing happens when oil and gas companies waste energy on a much larger scale. This is a problem here in Ohio. Some oil and gas companies — usually those driven more by short-term profit than long-term investment — are wasting huge amounts of natural gas (methane) due to shoddy maintenance and leaks. In 2019 alone, Ohio companies wasted $93 million of gas — enough to meet the annual supply needs of 11% of the state’s residential gas customers, according to a Synapse Energy Economics Inc. study. And this is a nationwide problem. A recent Stanford study of oil and gas operations in the gas rich Permian Basin estimated that more than 9% of the natural gas produced in that area is being wasted. Cutting those corners might save a company a few bucks in the short term, but it’s a long-term loser that ends...
New, Fiscally Responsible Oil & Gas Reforms Protect Taxpayers

New, Fiscally Responsible Oil & Gas Reforms Protect Taxpayers

For the first time in over 60 years, the Bureau of Land Management (BLM) – the federal agency that oversees oil and gas activity on federal lands – has increased its bond minimums. Bonds are an insurance policy for American taxpayers – the true owners of federal lands – and are supposed to ensure that companies who drill on federal lands have set aside enough funds to cover plugging and clean-up costs once production is finished. But for decades BLM’s oil and gas bond minimums were never increased, not even to account for inflation and even as companies drilled tens of thousands of wells on federal land across the country. Companies could provide as little as $10,000 in bond coverage per lease no matter how many wells they drilled. This flawed-system led to a $13.7 billion deficit between the estimated reclamation costs for the 90,000+ wells on federal lands and the total amount of bonds held by BLM. Slowly but surely, BLM’s new bond minimums will bring that deficit down. Companies now have three years – a very generous timeframe, mind you – to increase their lease bonds to the new minimum of $150,000. This level accounts for inflation, as well as reclamation costs for a typical lease on public lands. And it builds on bonding reform at the state-level, as many states, including Wyoming, recently strengthened their bonding requirements in response to what some have described as an orphaned well “crisis.” Not surprisingly, the oil and gas industry would much prefer that you – the American taxpayer – continue to foot the bill for its clean-up costs. The...
The Hottest Summer on Record

The Hottest Summer on Record

The sweltering Summer of 2023 has come to a close. According to NASA and the World Meteorological Organization, it was Earth’s hottest summer on record, with July and August being the two hottest months ever recorded. Our warming climate has moved well beyond the era of minor temperature fluctuations and scientific modeling, it is slapping us in the face by smashing records and adversely affecting people’s lives. Here in the U.S., more than a dozen cities experienced their hottest summer ever. These include Pensacola, Sarasota and Key West, Florida; Mobile, Alabama; Brownsville, Corpus Christi, Del Rio, El Paso, San Antonio and Victoria, Texas; and Roswell, New Mexico. We are seeing real impacts on our health, on our economy and cost of living, and on our water and food supplies. The impacts of climate change are impossible to ignore, and its time for conservatives to get more engaged in crafting real solutions. Climate change is driven by the accumulation of greenhouse gases (GHG) in the Earth’s atmosphere, gases that act like a blanket to trap more the sun’s heat rather than allowing it to escape back into space. That extra heat not only results in sweltering heatwaves, it affects weather patterns, intensifies storms, expands the range of destructive or dangerous pests, and fuels wildfires. Florida, Arizona, California We have witnessed some record-breaking heat that put all previous summers to shame. NASA’s temperature data show that this summer’s record heat was not just a small blip on the radar. Average temperatures across the country during these months reached levels we’ve never seen before, bringing with them a multitude of challenges for...
CRS Releases “Restoring Accountability” Follow-up Report on Taxpayer Exposure from Orphaned Oil and Gas Wells

CRS Releases “Restoring Accountability” Follow-up Report on Taxpayer Exposure from Orphaned Oil and Gas Wells

PRESS RELEASE                     October 24, 2023 CRS Releases “Restoring Accountability” Follow-up Report on Taxpayer Exposure from Orphaned Oil and Gas Wells Conservatives for Responsible Stewardship (CRS), a national grassroots organization with more than 23,000 members, has produced a new report following up on its 2021 report Broken Promises, which detailed the staggering taxpayer exposure from orphaned and abandoned oil and gas wells. “Despite agreeing, as a condition of their drilling permit, to fully clean up and plug well sites once they are finished using them, oil and gas companies regularly skip out on that obligation, leaving us taxpayers on the hook for billions of dollars in clean-up costs,” explained CRS president David Jenkins. This new report, with updated data, underscores how this fiscal burden on taxpayers continues to grow and explains how long overdue new rules proposed by the Department of Interior (RIN 1004–AE80) to significantly increase its oil and gas program bonding requirements can help. In Broken Promises, we reported that at the end of FY2020, there were more than 96,000 “producible and service wells” on federal public lands, which could leave U.S. taxpayers on the hook for as much as $13.7 billion in future clean-up costs. Since then, BLM has approved more than 11,200 additional permits for oil and gas companies to drill new wells on federal public lands—wells that, without federal bonding reform in place, potentially exposing U.S. taxpayers to an additional $1.6 billion more in clean-up costs. Taxpayers could eventually have to pony up as much as $15 billion, and that does not account for any potential...
Nixon’s Endangered Species Act turns 50

Nixon’s Endangered Species Act turns 50

The Endangered Species Act (ESA) turns 50 years old this year. The law, which was passed in 1973 by overwhelming bipartisan majorities in Congress (unanimous in the Senate) and signed into law by President Nixon, stands as an enduring testament that we can rise above our lesser instincts and be good stewards of what President Reagan referred to as “this magical planet that God gave us.” From the deliberate and cruel efforts to eradicate wolves and grizzly bears from the Lower 48, to the carelessness that drove the bald eagle, our national symbol, to the brink of extinction, history is full of examples where mankind has been intolerant of wildlife and/or ignorant of its needs. Thanks to the ESA, bald eagle numbers have recovered across the Lower 48, going from a low of 1,000 or less in the 1950s to more than 300,000 today. Wolves and grizzly bears have also rebounded significantly, with healthy, sustainable populations in several states. Unfortunately, too many people fail to recognize the ESA as the conservative law it is. President Reagan once rhetorically asked, “What is a conservative after all, but one who conserves?” Conservative political theorist Russell Kirk went even further, writing in a Baltimore Sun op-ed, “nothing is more conservative than conservation.”Wildlife, from apex predators to the tiniest insects, play an essential role in keeping the earth’s life-sustaining ecology healthy. Bears and wolves, by preying primarily on weak and sick moose, deer, or elk, make the populations of those ungulates healthier. And pollinators, such as bees and butterflies, are essential to our food crops. From my personal experiences, I have come to...

Pin It on Pinterest