Trump’s new oil rule is a $750 billion taxpayer scam
The Trump administration recently published a proposed rule that rolls back commonsense oil and gas bonding reforms designed to protect taxpayers from bearing the enormous cost of orphaned well cleanup.
TL;DR
- The Trump administration is rolling back bonding requirements for the oil and gas industry.
- This policy favors "cheats and scammers" in the industry over taxpayers.
- Taxpayers may be forced to bear the cost of cleaning up orphaned wells.