Biden Spending $33M to Plug 277 Wells on Fed Land Incl. PA, OH, WV
The Bidenistas at the Dept. of Interior breathlessly announced the agency is (finally) releasing $33 million to plug 277 orphaned oil and gas wells across the country located on federal lands. The average price per plugging is $119,000. Spending $33 million to plug wells on federal lands is chump change compared to the $4.7 billion allocated for plugging old wells under the so-called Biden infrastructure bill. Why is the government paying $119K to plug wells that normally cost maybe $50,000 to plug? We'll answer that question with another question. Why does the government pay $400 for a hammer it could buy at Lowes for $18?
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