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Author Topic: The Golden State's Fracking Pot of Gold Back to Topics
RENEGADEGAS
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Missouri

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Message Posted: Apr 3, 2013 1:54:19 AM

“We want to get the greenhouse gas emissions down, but we also want to keep our economy going.” -- California's Democrat Governor Jerry Brown

California’s Monterey shale formation runs southeast from San Francisco. It holds an estimated 15.42 billion barrels of recoverable oil, 64% of the total U.S. shale oil reserves in the contiguous 48 states. That’s double the amount in North Dakota’s Bakken Shale and Texas’ Eagle Ford Shale combined.

A new report now says fracking could create anywhere from half a million new jobs in California by 2015, even 2.5 million jobs by 2020, plus a bundle in the way of state tax revenue. That would help lower the unemployment rate, now trending at 10%, worse than Rhode Island and right up there with Nevada.


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REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

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Message Posted: Apr 9, 2013 5:59:34 AM

can we say, the biggest NIMBY crowd (that is, if the rest of Californians agree w/ their governor)?
honda0105
Champion Author Tallahassee

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Message Posted: Apr 9, 2013 5:57:56 AM

bthor: indeed, CA wants green and low emissions, but it's okay for others to pollute their places.
bthor76
Rookie Author New Orleans

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Message Posted: Apr 8, 2013 8:24:37 AM

They'll probably screw the pooch by burdening the industry with innumberable regulations that will make it pracitally impossible to make a go of it yet they don't mind if other states risk the potential hazards of lifting oil from the ground.
honda0105
Champion Author Tallahassee

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Message Posted: Apr 8, 2013 5:56:28 AM

the world's second largest parking lot (aka highways) is not going to have its cake and eat it too.
honda0105
Champion Author Tallahassee

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Message Posted: Apr 7, 2013 7:57:52 AM

Jerry needs to rethink his statement.
rjr54
Champion Author Winnipeg

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Message Posted: Apr 5, 2013 12:18:53 AM

California will still have high gas prices.

And the California oil will never make to the refineries on the Gulf coast. So it will not help the rest of the USA.
flyfast
Champion Author Kansas City

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Message Posted: Apr 4, 2013 3:56:07 PM

will oil save CA
nb52
Champion Author Grand Rapids

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Message Posted: Apr 4, 2013 6:50:06 AM

Wow, what a dilemma, aye?
rbutterw
Champion Author Raleigh

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Message Posted: Apr 4, 2013 6:42:16 AM

Another case of slow liberal thinking now catching up - these guys like Brown ought to get an education
SkooterG
Champion Author Phoenix

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Message Posted: Apr 4, 2013 3:13:06 AM

Ha ha! Will California sell its soul to the Devil?
Alaydown
Champion Author Los Angeles

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Message Posted: Apr 4, 2013 1:30:05 AM

Gov. Moonbeam could endanger his lifetime membership in the environmental whacko club. Not that permitting fracking would undo every other environmental whacko policy he has, but at least it is a small bit of sanity that could expel him from the whacko club.
Alaydown
Champion Author Los Angeles

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Message Posted: Apr 4, 2013 1:07:21 AM

However, it will be interesting to see which liberal body wins this battle -- Gov. Jerry "Moonbeam" Brown or the super-majority DemocRAT controlled legislature. My bet is on the governor since the DemocRATs in the legislature need him for everything else.
Alaydown
Champion Author Los Angeles

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Message Posted: Apr 4, 2013 12:58:26 AM

Wow, the disinformation is in full force through comments on this article. Fracking does not cause earthquakes. It has never caused an earthquake, and there is no evidence it ever will. With or without fracking, there is as much chance of California falling into the ocean as there is with the state of Kansas being swept up into a tornado and flying to the Land of Oz, or for the states on the Gulf Coast or East Coast to be blown into the ocean by a hurricane.

As for fracking, California needs to exploit its oil to accomplish what North Dakota has accomplished. North Dakota has the lowest unemployment rate in the country at 3.3 percent thanks to the oil industry.

California currently has the highest tax rates, highest unemployment rate (9.6 percent), and worst business environment of any state in the nation. With at least 3 of its cities declaring bankruptcy and little other solutions to help, the state will probably soon follow them into bankruptcy unless it does something fast. We need jobs, and we need to find other sources of revenue besides squeezing more taxes from a diminishing employed population.

One other thing you can count on.... If California goes into bankruptcy, the rest of the country will be affected by it in some way.

[Edited by: Alaydown at 4/4/2013 1:03:38 AM EST]
MAC48
Champion Author Dallas

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Message Posted: Apr 4, 2013 12:37:34 AM

There is no way that the Democratically controlled California legislature is going to allow large scale hydraulic fracturing within the state even though the vast majority of the Monterey shale formations are well East of the San Andrea fault line. The national and California environmental groups will fight to the bitter end to prevent the development of the crude oil and natural gas shale formations within Califronia.
rjr54
Champion Author Winnipeg

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Message Posted: Apr 4, 2013 12:05:53 AM

"15.42 billion barrels of recoverable oil" seems like a drop in the bucket.

The USA is using 20 some million barrels a day. So this provides 770 days of oil, a little more than two years.

I don't think this much oil (more correctly this little oil) will have any effect on supply or price.
dougtaylor1
Champion Author Phoenix

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Message Posted: Apr 4, 2013 12:05:30 AM

Fracking and the San Andreas may not be such a great idea.
boatmen
Champion Author New York

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Message Posted: Apr 4, 2013 12:01:22 AM

this site smelling funny
Mr Tex
Champion Author Dallas

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Message Posted: Apr 3, 2013 11:59:24 PM

number of jobs versus environment?
s6sputnik
Champion Author Austin

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Message Posted: Apr 3, 2013 11:59:19 PM

good
101Speedster
Champion Author Ventura

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Message Posted: Apr 3, 2013 11:59:04 PM

Is it worth the earthquakes?
Godozo
Champion Author Gary

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Message Posted: Apr 3, 2013 11:57:48 PM

Fox Business, not QUITE as "fair and balanced" as Faux News.

At least they talk about drawbacks towards the end of the article, even as they slam California with every Cali-slur in the book and more. Heck, with earthquakes in Youngstown Ohio from burying Fracking Slurry, you'd better figure out whether it's worth it.

I'll bet California comes around to fracking. They may be doing so already, with the issue with the "high speed rail" being shown as nothing more than expanding rail infrastructure for freight.
TravellinTom
Champion Author New York

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Message Posted: Apr 3, 2013 11:56:23 PM

California is not smart enough to use this! Not green enough!
clermont40miles
Champion Author Cincinnati

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Message Posted: Apr 3, 2013 11:55:34 PM

Get busy and extract.

Oops. It's the land of fruits and nuts.

Never mind.
mstearno
Champion Author Dayton

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Message Posted: Apr 3, 2013 11:54:11 PM

owg
use some fact to tell us the dangers of fracking
Please, you and factless rob are on the same page on this
bvrbill
Champion Author Eugene

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Message Posted: Apr 3, 2013 11:53:31 PM

This will end up in the courts for decades.
kcboy
Champion Author Utah

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Message Posted: Apr 3, 2013 11:53:29 PM

Interesting
OGW
Champion Author London

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Message Posted: Apr 3, 2013 11:52:00 PM

People have to start to wake up to the dangers of fracking and Jerry Brown has not been someone who can be trusted. California will soon be part of the Pacific Ocean anyway!
Double_Golden
Champion Author San Francisco

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Message Posted: Apr 3, 2013 11:50:48 PM

make it happen now, we need more jobs here in California...
nigelb
Champion Author Virginia

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Message Posted: Apr 3, 2013 11:46:25 PM

Could be a bonanza or cause the next major quake in California.
ldiggy
Champion Author Wilmington

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Message Posted: Apr 3, 2013 11:46:01 PM

Frack on.
us4usa
Champion Author Missouri

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Message Posted: Apr 3, 2013 11:45:45 PM

Cali. treehuggers vs Cali tax revenue, this will be something to watch...
Chris46
Champion Author Dayton

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Message Posted: Apr 3, 2013 11:44:53 PM

Let's get fracking, and forget about electic and ethanol! Natural gas is ok.
Dragnet
Champion Author Arizona

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Message Posted: Apr 3, 2013 11:44:19 PM

Don't tell the algore and the tree huggars.
69Bonne
Champion Author Gary

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Message Posted: Apr 3, 2013 11:44:15 PM

Wouldn't it be something if an earthquake happened because of this?
Gas4Gore
Champion Author Detroit

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Message Posted: Apr 3, 2013 11:42:03 PM

Oh my.
boldrph
Champion Author Topeka

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Message Posted: Apr 3, 2013 11:40:42 PM

create jobs cleaning the organics out of the water
steve3356
Rookie Author Fort Worth

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Message Posted: Apr 3, 2013 11:35:54 PM

Oh well, they're used to earth quakes out there
patino007
Sophomore Author Dallas

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Message Posted: Apr 3, 2013 11:35:33 PM

nicee
SavALot
Champion Author Virginia Beach

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Message Posted: Apr 3, 2013 11:33:09 PM

Lots of opinions about fracking
Titan_62
Champion Author North Carolina

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Message Posted: Apr 3, 2013 11:32:31 PM

Thanks for posting
sydb7
Champion Author Atlanta

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Message Posted: Apr 3, 2013 11:30:09 PM

Fracking could also drop Cali in to the Pacific!!!
MNJ2
Champion Author Minnesota

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Message Posted: Apr 3, 2013 11:30:08 PM

Poor Jerry. Caught between a rock and a hard place.
geoutpb
Champion Author Midland Odessa

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Message Posted: Apr 3, 2013 11:28:55 PM

Time to fracture the west so America can use American oil.
sparky22
Champion Author Michigan

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Message Posted: Apr 3, 2013 11:27:43 PM

chum ckack
Rt118E
Champion Author Pennsylvania

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Message Posted: Apr 3, 2013 11:25:01 PM

Hope they have learned from PA
pgerassi
Champion Author Milwaukee

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Message Posted: Apr 3, 2013 11:24:27 PM

Wait and see.
BMWer
Champion Author Calgary

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Message Posted: Apr 3, 2013 11:21:42 PM

Do it...get frackin'
abcdMA
Champion Author Worcester

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Message Posted: Apr 3, 2013 11:20:22 PM

it should happen, but it won't
tidalwave3
Champion Author Tallahassee

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Message Posted: Apr 3, 2013 11:18:59 PM

Won't happen :(
CatMan623
Champion Author Houston

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Message Posted: Apr 3, 2013 11:18:10 PM

Moonbeam seems to be telling the environmental extremists to go frack themselves. How interesting...!!!
BoerneWatch
Champion Author San Antonio

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Message Posted: Apr 3, 2013 11:18:05 PM

Not that they would pay off or even pay down their debt but at least they would pay the interest on it.
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