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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsOil company files $1.2 billion claim against San Benito County
HOLLISTER, Calif. Measure J could mean legal troubles for San Benito County as an oil exploration company demands a $1.2 billion payout for limiting land access.
VIDEO: Watch the story here
The claim is a precursor to a much broader lawsuit expected to be filed by Citadel Exploration. The company is hoping to extract millions of barrels of oil from south San Benito County fields, just west of Bitterwater, Calif., with their plan called Project Indian.
Citadel owners claim they could have extracted 20-40 million barrels of oil over the life of the project, a value they believe equals $1.2 billion.
"$1.2 billion. That's like asking for the moon. The county will file for bankruptcy and reorganize. Hes not going to get anything, San Benito County Supervisor Jerry Muenzer said.
http://www.ksbw.com/news/central-california/hollister-gilroy/oil-company-files-12-billion-claim-against-san-benito-county/29829374
RiverLover
(7,830 posts)And just "voting for Democrats" isn't doing a damn thing to change it.
UglyGreed
(7,661 posts)term that would describe the US better than Democracy at this point in time.
belzabubba333
(1,237 posts)move to the right to attrack moderate voters. they could stay to the left cause dems vote for them in every every EVERY election. that isnt what happens dems have a checklist with usually one thing on it and if that one issue isnt addressed to THEIR liking they stay home. the cons dont do that. we need to change OUR attitude if WE want to start winning elections
DetlefK
(16,423 posts)On the other hand, they have to:
- publish the complete and stochiometric composition of the fracking-fluid they will use on this site
- set aside 25% of those $1.2 billion to cover any damages that would arise to this county and its residents and that can be fully or partially traced back to the fracking
RiverLover
(7,830 posts)UglyGreed
(7,661 posts)cleaner, safer ways we can get our needs met. It time to let the old ways go and move ahead. Let oil companies find a new way to make money, I'm sure it wouldn't be too hard for them to do so.