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May 15, 2014 | by Author Name
Understanding the need to balance environmental protection with job creation, a coalition called “Californians for a Safe, Secure Energy Future,” launched today to help educate the public and correct misinformation about proven, safe oil extraction technologies. Unfortunately, activists opposed to meeting a substantial amount of California’s energy needs with in-state resources are spreading misleading information and advocating for a hydraulic fracturing ban. Keeping oil production in California helps the state achieve energy independence, while producing tens of thousands of well-paying jobs which also creates revenue for the state to fund vital programs. A California State University, Fresno study estimated that enhanced extraction of oil and gas in California would generate up to $6.7 billion in additional revenue for state and local governments, which helps fund classrooms, public safety and other vital programs and services.
“Continued, safe domestic oil production is critical to our state’s energy independence and our economy. Currently 40% of our state’s petroleum energy needs are met with domestic supplies and our population is growing. Hydraulic fracturing has been safely used to extract domestic oil in California for more than 60 years,” said Allan Zaremberg, President and CEO of the California Chamber of Commerce.
Under Senate Bill 4, legislation signed last year by Governor Brown, California established the most stringent hydraulic fracturing regulations in the country. SB 4 requires:
“Safe oil extraction and production is the backbone of our regional economy. California now has the most stringent regulations in the country for hydraulic fracturing, which enables us to create tens of thousands of new jobs, while ensuring the safety of our communities. Arbitrary bans on oil production and hydraulic fracturing are unnecessary and would be devastating to our region,” said Marshall “Chip” Holloway, Mayor Pro Tem of the City of Ridgecrest in Kern County.
The petroleum industry in California provides tens of thousands of direct and indirect jobs and billions in state and local tax revenues and property taxes. According to economic professors at California State University, Fresno, future development of our Monterey oil and gas reserves through enhanced recovery could:
“Domestic oil production in California is a source of thousands of small business jobs – from truck drivers and service companies, to accountants and gas stations. Arbitrary bans on proven technology, such as hydraulic fracturing, only add to the uncertainty and pain felt on Main Street and will send more small business jobs to other states and countries,” said John Kabateck, Executive Director, National Federation of Independent Business/California.
Californians already consume all of the oil and gas generated in California. Demand also forces us to import more than 60% of California’s needed oil each year from outside the state. While growth in alternative energy sources will help meet some future demand, additional supply from within California is needed to meet current demand and to keep pace with population growth. California has the largest shale oil reserves in the country.
Initial members of Californians for a Safe Secure Energy Future are the California Chamber of Commerce, California Independent Petroleum Association, Independent Oil Producers’ Agency, National Federation of Independent Business/California and the Western States Petroleum Association.
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