Separate federal and state reports on a proposed crackdown on coalbed methane pollution say the rule could slow development, potentially costing the industry and state coffers hundreds of millions of dollars.
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The industry could lose as little as 6 percent of expected profits, or as much as 74 percent, depending upon a number of variables such as natural gas price, the report concluded.
Do you realize that if they lose 6-74% of the profit, they will still profit from this venture? Just not as much as before and they help the environment out. Is this a bad thing? I think not. I am always for a business making a profit but they need to do it in a reasonable, ethical way and polluting our water sheds and removing all our scarce drinking water isn't very ethical.
Remind people that profit is the difference between revenue and expense. This makes you look smart. Scott Adams
