Petro-State…

 
 

Petro-State Of California Needs Crude Awakening

 
By refusing to tap much of the oil wealth off its shoreline, California is forgoing a resource that could go far to revive its economy and bring state and local governments back to fiscal health.
On dry land, too, California is missing an opportunity: Its vast onshore oil reserves are underused, thanks to a green-energy agenda that raises the cost of oil production and refining.
Policymakers have to realize that their quixotic quest to outgrow fossil fuels isn’t helping the state.
California’s attitude toward oil began to shift in January 1969, when a well six miles off the Santa Barbara coast blew out just after workers had finished drilling it. The spill was the largest in American waters at the time; it now ranks third behind the Deepwater Horizon and Exxon Valdez spills.
Its impact extended far beyond California; more than any other single event, it brought the various strands of environmentalism and conservation together into a national movement.

Read more: http://news.investors.com/article/621501/201208081905/petro-state-of-california-needs-crude-awakening.htm

Advertisements
Previous Post
Leave a comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: