Sunday, June 1, 2014

Fracking moratorium fails in California despite strong public support

WOW!  More than a whiff! A nice breeze of sanity!
The bill was defeated when four of 24 Democrats joined all 12 Republicans senators in voting “nay,” while three other Democrats abstained, preventing the moratorium from gaining a majority. The loss comes even though two-thirds of voters in the Golden State said they supported the ban, and a majority of voters said they would be “more likely” to vote for a legislator who supported it as well, a recent survey on the issue by Fairbank, Maslin, Maullin, Metz & Associates found.

“This is the second time a house of the California state legislature has soundly rejected a moratorium on a routine practice that’s been deemed safe repeatedly,” Dave Quast, California director of Energy in Depth, an oil industry-backed group, told Reuters.

He said fracking in California creates jobs, increases state revenue and lessens the state’s dependence on oil imports.

...

“In Kern County, we have been safely fracking for decades,” GOP Sen. Andy Vidak told the Times. “[The moratorium] would lead to a heavy reduction of jobs.”

Jobs may not have been the only economic loss the state would have faced with a ban. According to a state Senate Appropriations fiscal summary of the bill, a fracking moratorium would cost California “at least in the mid-tens of millions” of dollars in lost revenue. However, the state will already be missing out on projected fracking revenue because of downgraded estimates of the Monterey Shale’s productivity.
And what a shame about the Monterey Shale.  But the story on it isn't over yet.

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