CA don’t need no steenkeen oil money. They can always raise taxes on business to finance their welfare society.
Green California Gives Its OK To Fracking As Safe
http://news.investors.com/ibd-editorials/102113-675997-california-governor-signs-bill-allowing-fracking.htm
10/21/2013
The Golden State’s governor has signed legislation that regulates but does not ban the technology that has sparked an energy boom nationwide — and which may yet restore the state to solvency.
If any state were to ban hydraulic fracturing, commonly referred to as fracking, the process that releases oil and natural gas trapped in porous shale formations, one would think it would be California.
Gov. Jerry Brown, who leads the government in a state that hosted Solyndra and embraces endangered bird-chopping wind turbines, is a leading advocate of renewable energy and environmental protection. Meanwhile, California’s film industry cranks out anti-scientific fracking propaganda flicks such as Matt Damon’s “Promised Land,” financed in part by OPEC-like interests.
Yet Brown recently signed SB 4, which — while it imposes perhaps the strictest regulations on fracking in the U.S. — rejected environmentalists’ demand to ban what has proven to be a fundamentally safe technology. The most popular fracking moratorium bill got only 24 out of 80 possible votes in the Assembly.
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