Wall Street Journal: Oil Producers Are Setting Billions of Dollars on Fire

Wall Street Journal:  Oil Producers Are Setting Billions of Dollars on Fire

Massive amounts of natural gas are being burned to make way for oil production. Unless the incentives are changed, the harmful practice will become even more common in the U.S.

 

By Spencer Jakab  Jan. 10, 2020 5:30 am ET

Excerpt.  “Tremendous quantities are intentionally burned off to make way for oil production. The problem is likely to get worse in the U.S., the number four flarer of gas behind Iran, Iraq and world-leader Russia. It is more than an issue of waste: Flaring may be responsible for 1% of global greenhouse gas emissions according to Raymond James.”

Link to full article.

https://www.wsj.com/articles/oil-producers-are-setting-billions-of-...

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