Ecologist: Fracking the US - Monterey Shale's 96% downgrade blows the scam

June 21, 2014

California state Senator Holly Mitchell, sponsor of anti-fracking legislation, told ABC News in May: "The cost-benefit analysis of fracking in California has just changed drastically." Referring to the 96% reduction, she asks,

"Why put so many at risk for so little? We now know that the projected economic benefits are only a small fraction of what the oil industry has been touting. There is no ocean of black gold that fracking is going to release tomorrow, leaving California awash in profits and jobs."

Source: http://www.theecologist.org/News/news_analysis/2442482/fracking_the_us_monterey_shales_96_downgrade_blows_the_scam.html