WALTERS: Another oil boom for California?
Published: Wednesday, July 10, 2013 at 3:00 a.m.
Last Modified: Tuesday, July 9, 2013 at 3:14 p.m.
That region was the site of a major oil boom in the early 20th century and continues to produce. California, in fact, is still the nation's third-largest oil producer
Simply put, California could see another oil boom of monumental proportions
California's shale oil is so different from that in other states that fracking may not be sufficient to recover it. A legislative report indicates that oil drillers may have to use
Therein is the rub.
Fracking has been used in California for many years and is generally considered a relatively low-risk technique. But pumping deadly acids into the ground is, to many, potentially dangerous.
The bills introduced on the issue were all over the map, including one that would have imposed a fracking moratorium. But, one by one, they fell by the wayside except one, Senate Bill 4, which has cleared the Senate and is now pending in the Assembly.
It would not prohibit
Generally, environmental groups back Pavley's bill and the oil industry doesn't, but some environmental groups believe it doesn't go far enough.
Meanwhile, Gov. Jerry Brown's administration is writing its own regulations. Brown has indicated, by past words and deeds, that he's favorably disposed toward expanding oil production to boost the state's economy.
One wonders whether there might be the ingredients of a grand bargain
Shale oil is jump-starting the economies of other states, and there's no reason why it couldn't do the same in California.
Dan Walters is a columnist for the Sacramento Bee.