If environmentalists and the more liberal-leaning leaders of New Mexico got their wish to totally abandon the oil and gas industry, what would the cleanup bill be for the wells left standing?
A new study by the Center for Applied Research put the cost into the billions of dollars. It also showed the state might be totally unprepared for such an effort. The New Mexico Political Report indicated that if the oil and gas companies go bankrupt, there would be an $8.18 billion difference between the bonds for the infrastructure and the cost of cleaning the sites.
Click here for NM Political Report.