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    market news

    Worries Persist Over Impacts of California Gas Leak

    Teresa Matich
    Jan. 11, 2016 10:44AM PST
    Oil and Gas Investing

    Time reported that residents of California’s Porter Ranch neighbourhood are still evacuating in the wake of a massive gas leak.

    Time reported that residents of California’s Porter Ranch neighbourhood are still evacuating in the wake of a massive gas leak.
    As quoted in the article:

    Shapiro and her family are among the more than 1,600 people who have left Porter Ranch since the Southern California Gas Co. discovered the leak at its Aliso Canyon gas storage facility on Oct. 23. Many of those who moved said they had experienced health problems related to the odorant used in the gas, and they also fear the long-term health and environmental impact of a leak that has already lasted for months.

    The leak, in the casing of one of the facility’s wells hundreds of feet below ground, is releasing methane at a rate of 30,300 kilograms per hour, according to measurements by the California Air Resources Board collected most recently on Dec. 22. California Gov. Jerry Brown declared the situation an emergency last week, about a month after the FAA created a no-fly zone over the area.

    Click here for the full Time article.

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