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<blockquote data-quote="okietool" data-source="post: 2720824" data-attributes="member: 6030">Exactly. If the production companies get tagged for liability do you think they&#039;ll just eat the cost? It gets passed on to the consumer one way or another. It&#039;s not beyond belief they would have an assessment against stock holders. In that case it will have an effect on a lot of mutual funds that trade on the Fortune 500 or 1000. Even a production tax would impact old production unfairly, but it would be more equitable than just lawsuits. IMO. In other cases it will get passed on to the liability insurance underwriters. That&#039;s still going to come back on everyone in the end. As much as I dislike taxes, a tax would be the easy way to do it.Is there really anyone that hasn&#039;t benefitted by the increase in oil and gas production? Especially now when oil prices are down because supply is up, because of modern horizontal drilling and fracing.I&#039;m gonna guess Ohio has far fewer wells and a lot different geology as well as a different attitude.</blockquote>

[QUOTE="okietool, post: 2720824, member: 6030"] Exactly. If the production companies get tagged for liability do you think they'll just eat the cost? It gets passed on to the consumer one way or another. It's not beyond belief they would have an assessment against stock holders. In that case it will have an effect on a lot of mutual funds that trade on the Fortune 500 or 1000. Even a production tax would impact old production unfairly, but it would be more equitable than just lawsuits. IMO. In other cases it will get passed on to the liability insurance underwriters. That's still going to come back on everyone in the end. As much as I dislike taxes, a tax would be the easy way to do it. Is there really anyone that hasn't benefitted by the increase in oil and gas production? Especially now when oil prices are down because supply is up, because of modern horizontal drilling and fracing. I'm gonna guess Ohio has far fewer wells and a lot different geology as well as a different attitude. [/QUOTE]

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