A proposed oil well to be fracked inside the City of Calgary puts residents and the industry on a collision course by Gustavo Vieira, April 17, 2012, Macleans
The company drilling in Royal Oak, Kaiser Exploration, estimates there could be up to six million barrels of oil in that well alone, enough to keep it active for the next 50 years. Those living near the proposed well, many of whom work in the oil industry, have raised fears of air, water and noise pollution, as well as the lack of emergency response plans if something goes wrong. Property values are another concern: one study by the University of Alberta has found homes lose four to 16 per cent of their value after a well is drilled within four kilometres.
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