VomVom

Champion Author
Calgary
Posts:2,465 Points:1,294,500 Joined:May 2007
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Message Posted: Feb 9, 2012 8:10:28 PM
GT3186 and drpepperTX are right on and joseph000 makes absolutely no sense.
You can regulate and stipulate all the fines your want. Why stop at 10%? Make it 100%!! If the risks are too high and there is no reasonable rate of return, the oil & gas producers will just go elsewhere to do business. With no drilling, there is no production. With no production, there is going to be a shortage. That means high prices. Then those control freaks and big oil haters like joseph000, Man from Mars and Teas42 will whine and complain about high gas prices.
There has to be a reasonable balance. Yes, gross negligence must be punished. But the biggest problem today is that the states and the feds take in billions & billions in royalties and well license fees yet they are not doing their job to prevent the fly by night operators from screwing things up for everybody. It is about time they do!
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glorioussnookie

Champion Author
Tennessee
Posts:3,418 Points:596,655 Joined:Feb 2010
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Message Posted: Feb 9, 2012 4:51:37 PM
joseph000 made a very good point with his comment!
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db60

All-Star Author
Indiana
Posts:982 Points:211,255 Joined:Oct 2011
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Message Posted: Feb 9, 2012 1:50:00 PM
Good post.
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drpepperTX

Champion Author
Texas
Posts:4,977 Points:395,320 Joined:Apr 2011
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Message Posted: Feb 9, 2012 10:26:08 AM
Sadly that is exactly the way these Utopians think GT3186.
They have no concept of fines and taxes being issued or levied in any way other than punitive.
Their thought process has been warped and conditioned to hate success in a country that used to honor those that accomplished and actually contributed to society and our economy. Class warfare, pure and simple.
You cannot build a man up by tearing down another.
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GT3186

Champion Author
Salem
Posts:1,270 Points:270,805 Joined:Aug 2011
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Message Posted: Feb 9, 2012 9:55:23 AM
So, if a speeding ticket costs me $300, a millionaire should have to pay $30,000 for the same ticket?
Also, if a city inspector notes a code violation on my property, it should have a mandatory fine, rather than a warning to correct the violation?
Come, on...
Some of you folks really need to get off these "evil big oil" and "soak the rich" band wagons!
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joseph000

Champion Author
Houston
Posts:1,063 Points:205,665 Joined:May 2011
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Message Posted: Feb 9, 2012 8:58:06 AM
No fine for a drilling company violation should be no less than 10% of their annual income, if the fine doesn't hurt, they won't care.
If there are real fines, and plenty of inspectors to keep an eye on drillers, such that on any day they might have a surprise inspection, then they will act far more responsibly.
We need to make it cheaper to obey the law than buy their way out of compliance.
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uglytom

Champion Author
Florida
Posts:6,210 Points:1,293,790 Joined:Jul 2007
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Message Posted: Feb 9, 2012 8:48:50 AM
Good thinking!
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bigmoo63

All-Star Author
Kalamazoo
Posts:885 Points:56,680 Joined:Nov 2009
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Message Posted: Feb 9, 2012 8:46:22 AM
Token effort. If it wasnt an election year, nothing would be said. Lot of grandstanding and just wastes of energy. And I'm talking about us reading about it.
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dgerst

Champion Author
South Carolina
Posts:1,041 Points:225,265 Joined:Aug 2008
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Message Posted: Feb 9, 2012 8:29:43 AM
Its about time.
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johntxx

All-Star Author
Texas
Posts:708 Points:257,950 Joined:Aug 2011
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Message Posted: Feb 9, 2012 8:18:45 AM
"The Obama administration is considering new rules for fracking at oil and gas wells on federal land."
Why now after being in office over 3 years? Oh, this is an election year! Hopefully, if the majority of Americans have a brain, this is his last year to derogate the USA.
[Edited by: johntxx at 2/9/2012 8:20:53 AM EST]
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APlus

Champion Author
San Antonio
Posts:2,539 Points:694,755 Joined:Apr 2007
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Message Posted: Feb 9, 2012 8:16:30 AM
Lax oversight on all mother earth!
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Cakes77

Champion Author
Harrisburg
Posts:3,499 Points:1,332,255 Joined:Aug 2006
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Message Posted: Feb 9, 2012 8:04:18 AM
Those fines are puny.
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