Absent "gold rush of oil" Sen. Holly Mitchell’s Fracking Moratorium Bill Surges
“The cost-benefit analysis of fracking in California has just changed drastically. The costs to people, homes and the environment remain unacceptably high, but we now also know that the projected economic benefits are only a small fraction of what the oil industry has been touting.
“The latest report from the U.S. Energy Information Administration reduces prior estimates of oil potential by 96%. Why put so many at risk for so little?
“There’s no ocean of black gold that fracking is going to release tomorrow, leaving California awash in profits and jobs. We have the time, the need and, in SB 1132, the mandate to halt fracking while we determine if and how it can be done safely in California.
“Let’s pass the bill and halt fracking until due diligence can assure us it won’t put workers and residents in danger.”