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Cal Watchdog | December 04, 2014 | by Wayne Lusvardi
Banning fracking could lead to higher costs at the pump for drivers. And it could add to state and local budget problems. A 2014 study conducted by the Los Angeles County Economic Development Corporation cast doubts about whether a fracking ban could gain a trickle of support. Not just commuters with large gas bills would oppose it. So would those depending on checks and programs funded by state and local revenues. The study found that, in 2012, state and local oil-and-gas-tax revenues were $21.55 billion.
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