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This is not a new concept, and this company is not the first mover, for example: https://www.crusoeenergy.com/ https://www.crusoeenergy.com/
by cascom 5y ago
This is not a new concept, and this company is not the first mover, for example:
https://www.crusoeenergy.com/ https://www.crusoeenergy.com/
- PragmaticPulp 5y ago> This is not a new concept, The state giving them arbitrary tax breaks appears to be a new concept, unless I'm mistaken.
- cascom 5y agoI don’t know what the economics look like, but I think the goal is to eliminate deadweight loss from the tax, such that if that tax were imposed only 20% of wells would be economic, vs say 60%. Furthermore i would presume there is tax revenue and jobs associated with these operations that don’t exist were the gas just flared.
- maxerickson 5y agoThe chain is probably secure enough, there's no loss if the gas is flared vs burned for mining, just a different flow of funds.