Bad policy for the states that ban it and the country, but the states that don’t will benefit because it will help keep the price up. Maybe my strpper wells can hang on for few more years. :-)
Well, considering that the original oil leases were for “straight-down” drilling ... sometimes with the nearest well literally sitting within the legs of the first well drilled, rules for leases and oil rights need to be reviewed. Prudently reviewed, if that were possible in today’s liberal states.
But New York, NH, Mass, and the like HATE passionately ANY and ALL “oil” products and oil wells and oil companies and oil profitability more than they hate Christians and conservatives and family values - both hated more easily evil and by hate-filled eastern bigots perhaps because they are associated with oil states and rural hicks! 8<)
After all, isn’t the northeast ideal and idyllic-life in graceful ease on the outdoor cafes of wine and bicycles-filled sidewalks of socialistic France?
Does you wife know you've been drilling strippers?