Comments on: Prager: Here’s why CA left is indifferent to economic misery https://calwatchdog.com/2014/07/09/prager-heres-why-ca-left-is-indifferent-to-economic-misery/ Fri, 11 Jul 2014 14:52:50 +0000 hourly 1 By: Queeg https://calwatchdog.com/2014/07/09/prager-heres-why-ca-left-is-indifferent-to-economic-misery/#comment-87723 Fri, 11 Jul 2014 14:52:50 +0000 http://calwatchdog.com/?p=65636#comment-87723 And the unproductive nature of service jobs is leading to inflation, dead end futures and social welfare dependency on government.

]]> By: S Moderation Douglas https://calwatchdog.com/2014/07/09/prager-heres-why-ca-left-is-indifferent-to-economic-misery/#comment-87684 Fri, 11 Jul 2014 01:04:18 +0000 http://calwatchdog.com/?p=65636#comment-87684 “-From 2010-13, California produced fewer than 8,000 jobs, while the country added 510,000.”

Unbelievable.

Literally, not believable.

]]> By: John T https://calwatchdog.com/2014/07/09/prager-heres-why-ca-left-is-indifferent-to-economic-misery/#comment-87569 Wed, 09 Jul 2014 20:09:15 +0000 http://calwatchdog.com/?p=65636#comment-87569 Though I believe the 99.9% (Occupy Wall Street, the TEA Party, and many others) versus the .1% (the oligarch Koch Brothers, the oligarch convicted felon George Soros, elite federal politicians…) is a much more useful distinction than left versus right, I don’t dispute anything you write above regarding “the left.”

But regarding “…there is so much oil in the Monterey Shale that it could create millions of middle-class jobs if North Dakota-style drilling were allowed…”:

‘U.S. officials cut estimate of recoverable Monterey Shale oil by 96%’
http://www.latimes.com/business/la-fi-oil-20140521-story.html
Los Angeles Times
20 May 2014

^ includes map of California Monterey Shale formations

People also need to understand (as they’re certainly not going to be informed of this by the industry or the government) that the decline rate of fracked wells is unprecedented; in the Bakken, legacy decline is 71% of new production. So the economic benefits, if any, can be “flash in the pan,” but environmental damages can be forever.

This article, which includes four charts, details this (in regard to fracking in the Bakken):

‘The Coming Bust of the Great Bakken Oil Field’
http://srsroccoreport.com/the-coming-bust-of-the-great-bakken-oil-field/the-coming-bust-of-the-great-bakken-oil-field/

There’s also this, posted two days ago, regarding a Cornell University study:

‘New Research Strengthens Link Between Shale Drilling And Earthquakes’
http://www.zerohedge.com/news/2014-07-07/new-research-strengthens-link-between-shale-drilling-and-earthquakes

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