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It’s Earth Day. Here in California, state regulators are celebrating with their Keep California Beautiful Event that kicks off at the State Capitol followed by cleanup activities, like picking up litter and collecting e-waste, across…

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The word “fracking” exploded into the American vocabulary just a few years ago. People from Pennsylvania to Wyoming found chemicals creeping into their drinking water; some could light flammable gases straight from the faucet (video).as oil companies injected chemical-laced water deep underground to fracture gas-bearing rock. But in California, a narrow industry definition of fracking and the inattention of regulators kept the state mostly out of the conversation.

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The reviled “jobless recovery” of the U.S. economy won’t improve much in 2012, say the usual forecasters. But oil company executives and market speculators can break out the champagne now as the price of crude oil starts the year with a huge jump. It’s not about Iranian threats or rising demand, it’s about speculative profits.

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News Clipping

“The pain in their wallets is causing them to rethink their lifestyles,” said Jamie Court, president of Consumer Watchdog in Santa Monica, a frequent critic of Big Oil. “People tend to be a lot more environmentally conscious when just ignoring it is going to cost them something.” The changes are even more significant, Court said, given the steady rise in the number of drivers. “It shows that ultimately we can solve both the higher emission problem and the higher consumption problem associated with more drivers if we can continue to improve fuel efficiency technology,” Court said.

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Here’s a petition from our ally Public Citizen, calling on federal regulators to quit stalling and rein in the financial speculators who are jacking up gasoline prices. It’s well worth the few seconds to click…

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