Thursday, December 12, 2013

Drilling boom leaves some homeowners in a big hole.

Homeowner Gary Gless sits on a hill in his neighborhood overlooking drilling wells in Los Angeles
 
http://news.yahoo.com/photos/drilling-boom-leaves-some-homeowners-in-a-big-hole-1386871013-slideshow/
 
When Gary Gless bought his sleek, modernist house in Los Angeles in 2002, he thought he had hit a "gold mine." The world's largest inner-city park - featuring a lush, 18-hole golf course - was about to get built across the street. Gless's balcony was set to overlook the clubhouse and first tee.
 
Today, instead of golf carts and fairways, Gless looks out on to drilling wells and oil pads. The park plan was ditched, and Freeport-McMoRan Oil & Gas LLC now operates 700 wells there - and 400 more are on the way. All the drilling, Gless says, has caused house foundations to crack and swimming pools to start to slide down hills. (Reuters)

No comments:

Post a Comment