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  • Santa Barbara County: Fracking It Up? 0 comments
    Jun 27, 2011 3:47 PM | about stocks: OIL, UNG, USO
     The amount of hydraulic fracturing being used has continually increased. It is being used in a number of areas thought to be non oil or gas producing. However, with this new method, it allows for drilling and possible production in areas that are new to the oil and gas industry. There has been back lash against fracking in numerous communities, will Santa Barbra County allow this to happen?

    Residents who live along one of the most scenic swaths of California coastline pleaded Tuesday with Santa Barbara County officials to do everything they can to protect the county from a controversial oil drilling technique that has been blamed elsewhere for contaminating groundwater and causing air pollution.

    Following the discovery that an oil company is using hydraulic fracturing — or fracking — in the heart of Santa Barbara wine country, officials held a hearing to learn more about the practice.

    The petroleum industry claims the technique of extracting hard-to-reach gas and oil by pummeling rocks deep underground with high-pressure water, sand and chemicals has been safely used for decades.

    Read the entire article here: http://turnkeyoil.com/2011/06/27/santa-barbara-county-fracking-it-up/

     
    Themes: Oil Stocks, Energy Exploration and Production, Fracking, Shale Plays Stocks: OIL, UNG, USO
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