$2 out of every $3 earmarked for development from oil money is wasted or stolen.
How is this similar to what could happen in Hermosa Beach? Storm drains, schools and City infrastructure are all being used as "leverage" to try and convince people that we need the oil money. However, the State of California has a tide lands trust which restricts oil money. Are we supposed to trust the accounting of E&B Natural Resources based on the history of their management and founders?
