Methane is Money

Unfortunately, the total cost of our nation's dependence on fossil fuels and the public health costs, quality of life affects are still not fully accounted for.

Former Shell Oil President John Hofmeister interview on N P R All Things Considered about environmental regulation roll backs  https://www.npr.org/2019/08/29/755555482/former-shell-oil-president-john-hofmeister-weighs-in-on-rollback-of-emissions-ru


""in the future, the ability to operate in the fossil fuel industry is going to demand an environmental performance where the public believes that you are protecting the land, the water and the air. So regulations that protect the water, the land and the air, which enable the industry to continue to do what it does, are essential for the industry to be successful down the road. That's changed in the last 20 years. And so it's necessary for the industry to recognize that this is the way it's going to be, and it is the way it should be."  




"there are thousands of independent operators who produce oil and gas in the U.S., and they operate with much lower volumes of oil and gas. They might have one or two drilling rigs. They might have a half-a-dozen employees. So these are folks that watch where every nickel and dime is spent, and for them and their operating model, it becomes more expensive than they would like to pay for to have these regulations because they would rather just emit a certain amount of fugitive methane, give it up in the marketplace, but not have to pay the costs of engineering and putting in place a completely closed production system which captures the methane."

"It's not good for the public and the environment, and it's not good for the industry because it is really going on the cheap, and there is enough money in the industry to not have to go on the cheap. Consumers pay a good, healthy cost for the oil and gas that they consume, and that money has to pay for all the bills of the producing companies. And like any other industry, if people can't afford to be in the industry, they need to go do something else."