In so many ways, the Monterey Shale is nothing less than California’s second gold rush.
Read more: http://www.vcstar.com/news/2013/apr/08/foy-should-sacramento-stifle-states-second-gold/?opinion=1#ixzz2PyvKn9Gy
Foy also says that fracking involves the injection of "water and sand." That leaves out the chemicals. In the 13 wells that have been voluntarily reported on frackfocus.org there were over 20,000 gallons of chemicals injected underground along with the water and sand. Even Halliburton, the company that developed fracking in the 40's does not shy away from declaring that chemicals are involved.
The USC study that Foy refers to was partially funded by Western States Petroleum Association, which currently has an essay on their site "a cautionary tale for California," warning about negative effects of taxing the oil and gas industry.
Fracking is currently unregulated in California. The State does have discussion draft regs out and is in the process of conducting public workshops as it prepares to begin the formal rule making process, which is expected to take one and a half years.
The Ventura County Board of Supervisors will hear a report from the County CEO today, Tuesday, April 9th at 2pm, it is a public meeting. And there will be public comment.