Geee Posted August 12, 2014 Share Posted August 12, 2014 Human Events: The California Senate declined to pass SB 1132, a bill that would have imposed a statewide ban on energy production using hydraulic fracturing methods. The vote marked the second time in two years California’s Democratic-controlled state legislature rejected a moratorium on hydraulic fracturing, also known as fracking. Fracking Shores Up Economy Senate opponents of the ban noted the economic benefits fracking provides. In a state suffering nearly 8 percent unemployment and some of the highest electricity prices in the nation, oil and natural gas production offers promise of economic recovery in the state. David Quast, California director of the pro-energy group Energy in Depth, in testimony before the U.S. House Committee on Natural Resources said the petroleum industry supports approximately 95,000 direct jobs and more than a quarter of a million indirect jobs in California. Quast said advances in fracking technology and new oil discoveries in the Golden State promise many additional jobs in years to come. Link to comment Share on other sites More sharing options...
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