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Hermosa Beach Will Not Go Bankrupt Without Oil Drilling, Community Group Study Finds

The results of the study are presented at a public meeting at the Hermosa Beach Community Center.

(courtesy Hermosa Beach Community Dialogue finance committee)
(courtesy Hermosa Beach Community Dialogue finance committee)

A Hermosa Beach Community Dialogue finance committee study found that Hermosa Beach’s property taxes, hotel taxes and governmental costs are all relatively low, Hermosa’s pension costs are not excessive and Hermosa will not go bankrupt if residents do not approve oil drilling, according to the Easy Reader News.

The results of the study were presented on Dec .3 at a public meeting at the Hermosa Beach Community Center. 

The next Community Dialogue meetings will be Thursday and Friday at 9 a.m. at the Hermosa Community Center. Information related to the meetings and presentations of the study findings can be found at the following Dropbox link: https://www.dropbox.com/sh/c6o9xb0zfn1rkae/TsPfchpJXI

H. Schwartz December 13, 2013 at 10:20 AM
How reassuring, kind of like inquiring about the food at a restaurant and being told " you won't die."
Dave Andrews December 13, 2013 at 12:22 PM
Howard, the facts with all of the data is there for you to look at. Professionals in the finance industry put this together without bias. If they are wrong where is the presentation you created showing otherwise. It is easy to be an arm chair QB and make comments with no facts behind them. If you don't agree create a presentation. Make it available to the public. Then let others dispute it. We live in a town with college educated citizens many of whom are in the finance industry and could easily call BS on this presentation. I walked through the entire report, I didn't just read the article. Maybe you should do the same thing.
Dave Andrews December 13, 2013 at 12:25 PM
Howard, how do you feel about E&B going door to door telling citizens the city will go bankrupt yet they have not prepared a financial report like this at all in anyway shape or form. Doesn't this give you cause for concern that a company the city could enter into a 30+ year agreement with is not spending the time to get the facts yet spreading propaganda that has been proven wrong to your fellow citizens? Does it make you think what else are they telling citizens that may be false? Remember E&B is an oil company that is focused on profits, they will do whatever it takes to make money including lying to the Citizens of Hermosa to our face at our front doors.
H. Schwartz December 13, 2013 at 03:14 PM
@ Dave Andrews, are you referring to me? My name is not Howard. Your comments don't address anything I said so I can't be sure. My comment was directed at the headline and nothing else. The headline is not written buy the person who writes the article and this is a poorly written headline. What kind of " facts " was I supposed to come up? Calm down, it's just an analogy.
Dave Andrews December 13, 2013 at 03:23 PM
Sorry, H. Schwartz the vast majority of your comments are negative and pro oil. How should one receive the current comment you posted? On another note do you know a good chiropractor in the south bay?
H. Schwartz December 13, 2013 at 06:05 PM
One should receive comments at face value. This should be a good lesson for you, don't guess at peoples names and don't try and guess what people are thinking. I knew a good chiropractor but he just died.
Bob Atkins December 17, 2013 at 08:49 PM
How about taking the opportunity to ease the tax burden for everyone on Hermosa Beach by enjoying the royalty revenue that will be available from the drilling project. The sky will not fall, even for those that live close to the city yard and the majority of the city's citizens will benefit, including those living close to the city yards - some of whom feel that it is necessary to run around screaming that their hair will catch fire if the drilling project occurs.
H. Schwartz December 18, 2013 at 10:05 AM
Amen.
Dave Andrews December 18, 2013 at 03:01 PM
Bob, 1. Dallas, Texas has just put a ban on drilling within 1,500 feet of homes, schools, parks, and churches. This is a city that is made of oil money. Does it not bother you that it will be less than 100 feet from some people's homes? 2. Did you read the financial report? Read it if you didn't the facts are there. Hermosa is on par with Manhattan Beach, Redondo Beach, Solana Beach, Sausalito, RPV, and Laguna Beach for Property Taxes. 3. Hermosa has lower sales and use taxes than all of these cities. So, based on the facts of this report. You are willing to "Risk" speculative revenue for the city with a company that has a horrible track record of spills and damaging the environment to save a few bucks on taxes because of a "Tax Burden"? There are places to drill on earth that have a minimal impact on people, wildlife, and the environment. Explore those options. Invest in other forms of energy and transportation. Tesla has made the best car in history according to Consumer Reports.
Bob Atkins December 18, 2013 at 03:51 PM
The ban that Dallas passed had more to do with fracking than drilling. As the article states, "As with the city's earlier zoning law, no oil or gas well can be built before the driller obtains a special use permit from the city, and under the new law, if the city decides to grant a special use permit, it also has the ability to lower the 1,500 foot setback by a two thirds vote. In other words, the new Dallas ordinance gives the city robust authority to look at well applications on a case by case basis, and decide what drilling activity, if any, will be permitted." Obviously Dallas wants to control fracking and they now have an ordinance that accomplishes that both for existing and new wells. The proposed drilling project in the HB city yard does not involve fracking that I am aware of. To be clear, I am not a fan of fracking as it likely does harm to the water tables and other geological layers than is known. The geology of the Torrance/Redondo tidelands and onshore area known as the uplands are sandy so fracking would not yield any benefit. To be clear we don't get our water from underground around here anyway which further reduces the risks of drilling in the area. In the case of Dallas - there wasn't a single case of an oil rig, pumping failure or an accident that could be shown to the Dallas city council in support of the 1500 ft setback requirement and I think that speaks volumes for the safety record of oil and gas wells within close proximity of occupied buildings (residential or commercial). The anti-fracking group, Frac Dallas http://fracdallas.org/ couldn't point to a single past safety issue that affected an occupied dwelling anywhere in the Dallas area or pretty much anywhere else and I'm pretty sure they tried mighty hard to find anything that would boost their cause. Again - we are dealing with the sky-is-falling mentality and being very hypocritical in regards to the E&B oil drilling project. All just excuses for NIMBY from a selfish few that are hugely exaggerating the effect that oil drilling in the city yard will have on them.
Bob Atkins December 18, 2013 at 04:22 PM
Dave, I consider myself a pragmatic environmentalist. I am an engineer by profession. People have to live on earth and that in of itself upsets many extreme environmentalists. I am a practicing environmentalist - I actually put my money where my mouth is. I invested in 5kW of solar PV for my house 10+ years ago before it was popular to do so. I am a big fan of alternative forms of energy and transportation such as electric cars. Yes, I put my money into Tesla stock as well and my mother-in-law is purchasing a Model S (to replace her E320 Mercedes) based on my recommendations so don't think for one minute that I am a drill, baby, drill kind of guy. I am simply pragmatic. There are hundreds of thousands of oil and gas wells throughout the US near occupied buildings and their safety record is as close to perfect as you can get so I cannot agree with those that emphatically state otherwise since they have nothing to stand on. Sure there have been oil drilling and well issues mainly out in in the boon docks and some of those issues have to do with the lack of caution that may occur when not in the proximity of others as well as the difficulty of the local terrain and environment. Some have to do with cheap operators that couldn't pass a more stringent review if their projects were closer to inhabited buildings. I could go on. The fact is I would love to have the US get off of oil - but that is just a Utopian dream because there is NO suitable alternative energy source. Maniacal environmentalists are even against geothermal and even PV energy out in the desert!!! OMG! - Geothermal the only reasonable alternative energy source that can replace fossil (oil and gas) fuels and environmentalists are against it because of the possibility of earthquakes! In the case of PV - god forbid a precious little desert tortoise gets squashed! REALLY!!! The typical environmentalist is a hypocrite - rarely putting their beliefs into action at any level if it is inconvenient to them. I see way too much hypocritical environmental extremism which costs as ALL in the end! In the grand scheme of things, it comes down to responsible and careful development. Nobody is guaranteed a perfect life without any inconvenience in this world. Everything we do has risk and reward and at this point I believe that if the E&B project is found to be environmentally sound that it would provide a much bigger reward for EVERYONE in Hermosa Beach than the tiny amount of risk that may exist for those living near by.
Dave Andrews December 18, 2013 at 05:33 PM
The project will be deemed safe via the mitigation in the EIR. That is why they are doing it. There are a ton of risks and E&B has a horrible track record in California alone. I have yet to research all of their subsidiaries in other states to find their spills. I know that Steve Layton the President of E&B is President of at least 9 other companies. One of which is accused of the Huntington Beach spill. The Angus plant in Huntington Beach is giving people headaches and getting people sick. Part if the issue is the US is cranking up oil production and these types of facilities that were old and or not producing as much oil are producing much more and you are getting the chemicals in the air that are getting people sick. You mentioned the tax break in a previous post and I don't think we need one. I think we need to raise the hotel tax and have anyone that wants to do a VRBO and or AirBNB pay a yearly fee based on the amount of square footage they are renting per year. This is sustainable revenue that can be used anyway the city likes. Do some research on E&B and Steve Layton. It just takes a little digging to find that they have had numerous issues over the years.

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