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California could edge out
Texas in oil production

Houston Chronicle, by Loren Steffy

Original Article

Posted By:Dreadnought, 12/19/2012 10:48:57 PM

It may be the biggest insult since salsa made in New York City. Texas, long the nation’s oil capital, could get upstaged by California. That’s right, California. Enron’s prey-ground. Cap-and-trade fantasyland. Home of fossil-fuel-hating, electric-car-driving, green-dreamers. Last week, the U.S. Bureau of Land Management sold 15 leases for about 18,000 acres in California’s Monterey Shale, which stretches 200 miles south from San Francisco. The U.S. Energy Information Administration estimates the shale formation could hold 15.4 billion barrels of oil, which would be double the combined reserves

      


Post Reply  

Reply 1 - Posted by: ColoWapiti, 12/19/2012 10:55:22 PM     (No. 9075426)

Good. Maybe that would give them enough energy to finally leave the union, and leave the rest of us alone.

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Reply 2 - Posted by: PatPiano, 12/19/2012 10:56:45 PM     (No. 9075427)

This could spell the end of California´s bankruptcy - no, wait, some environmental group will put its foot down and stop all this financial success - hey - it´s California - it´s what we do!

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R-VAR_AD


 
Reply 3 - Posted by: RLowe, 12/19/2012 11:03:34 PM     (No. 9075430)

I noticed a rig in Lost Hill the other day that wasn´t there a month ago.

Yes,I was in a state of disbelief.

I guess it´s true!

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Reply 4 - Posted by: Kerryman, 12/19/2012 11:05:06 PM     (No. 9075431)

Wait till you see the Lawsuit delays on this one. No production for at least 20 years. What does this do to "Peak Oil".

Semper Fi

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Reply 5 - Posted by: Now or Never, 12/19/2012 11:06:34 PM     (No. 9075433)

California could, but won´t.

America could become the largest oil & natural gas producing country on the planet, but won´t.

Liberalism kills all good things.


Obama is a cancer.


WAKE UP !

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Reply 6 - Posted by: fayebeck, 12/19/2012 11:06:47 PM     (No. 9075434)

#1 same to you jerk.

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Reply 7 - Posted by: Rael, 12/19/2012 11:10:57 PM     (No. 9075440)

NEVER EVER HAPPEN. Does anyone thing for even a second that the state of California will allow this to happen? Oil is bad oil is EEEEEVvvviiiilllll!!!!!!

I don´t see this ever happening.

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Reply 8 - Posted by: SoCalGal, 12/19/2012 11:17:55 PM     (No. 9075445)

A state that historically gets back in federal dollars far less than it contributes to the fed is annoying #1? Wait till he can´t get most of his fresh fruits and vegetables without having them shipped from Chile in the wrong season.

Many kneejerks confuse California´s present Dem politics with the entire state, its beauty, its natural resources, its at least 45% or so decent people. For most of its state history it was a Republican state. But kneejerks are not interested in history.

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Reply 9 - Posted by: oh-heck, 12/19/2012 11:20:10 PM     (No. 9075448)

FTA: Los Angeles-based Occidental Petroleum snapped up most of the leases sold at the auction, and California lawmakers have drafted new rules to deal with a boom in hydraulic fracturing.

NY decided that they needed to revise their environmental impact regulation in 2008. The latest version of the draft won´t complete its review process until sometime in January. The NY Environmental Regulator hasn´t decided yet whether the new rules will ever be implemented.

Its easy for a state to call time out. Five years later, there may not be anyone around to care when you call time in. By the way, TX oil production doubled while NY has been rewriting their rules.

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Reply 10 - Posted by: killerbee, 12/19/2012 11:23:54 PM     (No. 9075450)

It could be a boon to the California economy ... if the unions wouldn´t suck all the profits and innovation dry. But that´s going to happen because we are a union controlled state and that is our main problem.

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Reply 11 - Posted by: Muncsdad, 12/19/2012 11:26:55 PM     (No. 9075455)

#6, who is the jerk?

Those of us who live in states that don´t hate America are sick and tired of California, New York, Vermont, et al. Sick and tired of the hate spewing from those leftist--and broke--states.

How dare you call us jerks?



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Reply 12 - Posted by: Muncsdad, 12/19/2012 11:30:18 PM     (No. 9075460)

And to #8, your state´s past doesn´t much matter with its current rotting hell-hole status. Sorry, but you can keep the Left Coast.

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Reply 13 - Posted by: Immanuel Goldstein, 12/19/2012 11:31:31 PM     (No. 9075461)

Don´t confuse all Californians with the Hate America Hollywood crowd. There are plenty of good patriotic people in the Golden State who want to see us return to economic and energy sanity. Don´t write off California just yet.

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Reply 14 - Posted by: The Advocate, 12/19/2012 11:41:14 PM     (No. 9075468)

If true- this is great news.
We live in The Belly of the Beast in LA.
There are many good conservatives who are dismayed with the current administration.
Every time he comes to LA to suck up dollars from the Libtards he alienates small businesses and residents who despise him and his Praetorian Guard.
The public unions -especially the teachers- are insatiable.
San bernardino and Stockton are in bankruptcy and the public unions are trying tomchange bankruptcy law- just like with GM.
Don´t write us off- we are being overwhelmed with the Takers and the corrupt Politicians.
Oil independence will break the shackles as more people experience financial freedom- something Obama and his Islamofascists are stifling.

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Reply 15 - Posted by: chiller, 12/20/2012 12:11:04 AM     (No. 9075487)

In the ensuing battle between greenies and bankrupt Gov Brown: I´ll buy some popcorn and go with ..........big oil ! ...and its revenues.

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Reply 16 - Posted by: chiller, 12/20/2012 12:14:10 AM     (No. 9075490)

....but it´s a close call in a state that would destroy the breadbasket of the world for the sake of an insignicant delta smelt. Words are inadequate for the idiocy of those in Sacramento.

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Reply 17 - Posted by: Manitouman, 12/20/2012 12:15:15 AM     (No. 9075491)

History is sooo ... Yesterday ...



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R_DBL_B
  


 
Reply 18 - Posted by: MissMann, 12/20/2012 12:31:02 AM     (No. 9075503)

HaHaHaHa! Today´s news, here in California, is all the new regulations going into effect against fracking.

California has a death wish.

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Reply 19 - Posted by: Grant Hodges, 12/20/2012 12:49:08 AM     (No. 9075511)

The oil industry has been aware of California´s shale oil monster for some time. But the joke in the industry is that the only that oil will be extracted will be by horizontal drilling from Nevada.

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Reply 20 - Posted by: smcchk, 12/20/2012 1:18:36 AM     (No. 9075525)

California´s voting map is almost all red with a thin strip of blue along the coast. It must be very frustrating. Never has a state had so much going for it and yet be so mismanaged. Reality truly means nothing to some people.

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Reply 21 - Posted by: The Advocate, 12/20/2012 2:20:46 AM     (No. 9075537)

Re 17
Believe the deliberate destructionof family farms for the Baitfish aka Delta smelt was engineered in DC to takeover the land by corporate interests.
Boxer and Feinsteinndid Nothing.

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Reply 22 - Posted by: flatwater, 12/20/2012 2:42:13 AM     (No. 9075544)

Riiiiiiiiiigggghhhht.

California will produce oil about the same time I produce literature in praise of Communism.

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Reply 23 - Posted by: Tom Kilbride, 12/20/2012 3:00:50 AM     (No. 9075550)

Let the fracking begin. Lets see if the earthquake predictors are right or fearful fruit cakes..

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Reply 24 - Posted by: Booneboy, 12/20/2012 3:40:59 AM     (No. 9075561)

Hey!!!!! You forgot one thing. We don´t have enough refineries!!! And the DemoRats won´t let anyone build one. So, it looks like we will ship the oil to China.

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Reply 25 - Posted by: mws50, 12/20/2012 5:28:48 AM     (No. 9075597)

Also #25, where are they getting the drilling rigs? In Texas & the Dakotas, every possible drilling rig is already taken for the next 5+ years. And that includes the ones that are being built at a furious pace, right now!

We have TRILLIONS of barrels of oil under ground we own. We have enough natural gas to last for 500 years, under ground we own. We have a cadre of enviro-whackos doing everything they can to stop us from extracting all that oil and gas. We may have to "subdue" the whackos, with down-hole technology... (will they compact enough to fracture the oil-saturated rock?)

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Reply 26 - Posted by: treecat, 12/20/2012 5:30:54 AM     (No. 9075599)

I´d say odds go: 7 - 1 no gas production increase from California in next 22 years.

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Reply 27 - Posted by: ocjim, 12/20/2012 7:18:08 AM     (No. 9075726)

There´s not enough oil in the ground to quench the spending thirst our one-party Marxist Sacramento government. In fact, regardless of increased oil revenue, we´re going to need a considerable influx of federal $$$ to pay our bills and make good on all our generous pension promises. So we thank you responsible Red States in advance for carefully watching your own budgets and for chipping in in our hour of need.

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Reply 28 - Posted by: mominNoCA, 12/20/2012 8:58:08 AM     (No. 9075890)

South of Monterey? The coastal area is where the San Andreas Fault is. Every earthquake will be blamed on fracking. Fraudsters will start putting fuel in water wells and light them on fire, claiming oil production contaminates water.

Drilling will never happen, not in California.


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Reply 29 - Posted by: Bur Oak, 12/20/2012 8:59:30 AM     (No. 9075894)

The government may have sold the leases, but my guess is that there are already agreements that the environmentalists will sue to block drilling well into the future. By the way, why does the federal government still own this land? It ought to be sold to the highest bidder at a public auction.

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Reply 30 - Posted by: Udanja99, 12/20/2012 1:04:06 PM     (No. 9076298)

I just drove route 1 from Santa Cruz to LA and was shocked to see oil rigs off the coast of Santa Barbara. How did Moonbeam and all of the ecomoonbats let that happen?

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Reply 31 - Posted by: mominNoCA, 12/20/2012 6:23:06 PM     (No. 9076725)

#33,

I´ve been through the Bakersfield area many times, so I know. I was referring to the newly discovered shale south of Monterey. No way they´ll drill on the coast, especially California´s blue, blue coast.

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Reply 32 - Posted by: PatPiano, 12/20/2012 10:33:01 PM     (No. 9076949)

#32, those oil drilling rigs off the Santa Barbara coast have been idle since the 70"s.

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American Thinker, by Rick Moran    Original Article
Posted By: JoniTx- 4/16/2014 1:36:54 PM     Post Reply
The cash infusion by the federal government is actually going to help the city pay pensions, even though they´re playing a kind of shell game with the money. As for "blight removal," perhaps they could start with city hall. Reuters: Michigan officials and President Barack Obama´s Administration are discussing a plan to free up $100 million in federal money to aid Detroit´s retired city workers, the Detroit Free Press reported on Tuesday. Citing two people familiar with the talks, the newspaper said the talks were centered around federal money flowing to Michigan for blight removal. Under the plan, $100 million


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