Drilling Reawakens Sleeping Faults in Texas, Leads to Earthquakes

Re:Drilling Reawakens Sleeping Faults in Texas, Leads to Ear... by mc32 on Friday November 24, 2017 @05:46PM (#15773434)

You don't. It's a general fund paid in by all operators in an area. The funds should be sufficient to cover necessary indemnification.

Sure, the small quakes likely are relieving bigger ones tens of thousands of years hence, so we don't care about that.

The rules would be, you want to drill and re-inject to make some money, make sure it's profitable enough that you can pay into an EQ indemnification fund. Actuaries would set rates.

[ Parent | on HN ]

Re:Drilling Reawakens Sleeping Faults in Texas, Leads to Ear... by hn_throwaway_99 on Saturday November 25, 2017 @12:03PM (#15776730)

I agree with this. The model would be the US Vaccine Injury Compensation Fund. The idea is all drillers pay an excise tax into a fund, and this fund acts as insurance for anyone who can show damages by an earthquake in a drilling area.

[ Parent | on HN ]

Re:Drilling Reawakens Sleeping Faults in Texas, Leads to Ear... by inpdx on Saturday November 25, 2017 @02:07AM (#15774820)

More like millions of years hence, if they haven't been active for 300 million years.

[ Parent | on HN ]