Want to kill the oil industry? Just enforce its obligation to cleanup old wells.

Blair Fix

Download: PDF | EPUB  Environmentalists often argue that if we accounted for the ‘true’ costs of the fossil-fuel business, the industry would go bankrupt. While I understand this sentiment, I think the idea of ‘true’ costs is dubious. Costs exist not because they are ‘true’, but because someone has the power to enforce them. (That’s why Apple can impose a 30% commission on everything in its app store.

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How to Make the Oil Industry Go Bust