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Los Angeles Business Journal | March 31, 2014 | by Howard Fine
A proposed moratorium on fracking in Los Angeles would have more sweeping consequences, local oil companies say. In fact, if passed as proposed, they say it will shut down most oil production in the city – even at wells where fracking isn’t used.
The companies say the ordinance would also halt reinjecting water into the ground and using acid compounds to clean the wells, practices that have been used widely for decades. And they note that because the moratorium would stay in place until all of these practices are proven safe, hundreds of wells in the city would likely have to shut down for years, if not permanently.
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