Study Says Fracking Ban Ballot Initiative Bad for Jobs, Economy

Study Says Fracking Ban Ballot Initiative Bad for Jobs, Economy

KEYT/KCOY | April 24, 2014 | by Keith Carls

A new energy industry-backed study says a ballot initiative that would ban future “high-intensity” oil and gas extraction in Santa Barbara County would kill jobs and harm the economy. The study by the Los Angeles Economic Development Corporation for the Western States Petroleum Association says the Central Coast oil and gas industry provides hundreds of thousands of jobs which as an economic multiplier that creates more that a billion dollars in labor income every year and pays more than a billion dollars a year in tax revenue.

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