Pro Environment and anti-urban oil drilling State Assemblymember Ian Calderon speaks to anti-oil group fighting Matrix Oil projects in Whittier and La Habra Heights.
From WhittierHillsOilWatch.org website:
Some of you may have thought the oil project was lost by the City and the Oil Companies. I wish I could say that was the case. There are appeals and challenges that have been filed by the City and the oil companies to reinstate the project. The City screwed up by signing a lease before having land to drill on. They have put themselves in a very bad situation financially with the oil companies.
The City has allowed the oil companies to put up the money to pay for the City's litigation which by our best guesstimates is in the millions of dollars. We have Matrix which is according to their own numbers does about 5 million dollars a year in revenue. Then you have Clayton Williams Energy that is worth over a BILLION DOLLARS who also has a big stake in this project (75% ownership of the lease).
We are bringing in experts speaking about different facets of this project and our State Assemblyman (who is has said publicly he is against the oil project and provided letters to both the Whittier City Council and L.A. County Board of Supervisors stating that). Unlike the City, we will provide you the TRUTH about this project. Our information is based off of facts and documentation.
I encourage you to find out exactly where we stand on the oil project as of that evening and to get some background on how we got here and who may be responsible for this mess.