Fracking California (4/2/13)

Tempting oil reserves trapped in California Monterey shale are raising the possibility of a fracking boom in California. “People began to come to me...asking about what a mineral estate was and how come the oil company that owned the mineral estate could eject them from the surface of the land,” said Steve Craig, a farmer in Monterey County and former director of the Ventana Conservation and Land Trust. Bill Allayaud of the Environmental Working Group explained that California “had regulations about well casings but no regulations about fracking.” But this is changing, said Mark Nechodom, Director of California’s Department of Conservation, “in historical use of fracturing in California we had no evidence that there is any environmental damage...and therefore we had not required reporting. Now we are requiring reporting.” Dave Quast of Energy In Depth, maintained that there could be important benefits to fracking California’s oil, “onshore [American] oil developed under a very highly regulated regime is much preferable to getting it from Venezuela and some places that don’t have environmental protections,” he said. A conversation with four experts on the possibilities and risks of fracking California’s oil. This program was recorded in front of a live audience at The Commonwealth Club of California on April 2, 2013 Learn more about your ad choices. Visit megaphone.fm/adchoices