Bidenistas Free Up $350M More of Taxpayer $$ to Plug Orphaned Wells

Hundreds of thousands of old conventional oil and gas wells across the U.S. have been abandoned over time by the companies and individuals who drilled them. In many cases, tracking down the original owner and who should be responsible for plugging the old wells is impossible. So, the government has stepped in to "fix" the problem by throwing your money at it. (Ronald Regan said the nine most terrifying words in the English language are: "I'm from the Government, and I'm here to help.") Part of the misnamed Inflation Reduction Act (IRA) is a program called the Methane Emissions Reduction Program, which contains $1.55 billion in funding from 2022 to 2028 to help with (among other things) plugging orphaned wells. The Bidenistas have just released $350 million of that $1.55 billion (23%) to get the process going.

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