CalWatchdog Morning Read – September 12

by CalWatchdog Staff | September 12, 2016 9:28 am

Good morning. Hopefully everyone enjoyed the return of NFL football this weekend and is excited about the Rams/49ers game tonight.

But that’s tonight. This morning we’re talking about oil. 

It took some time, but a 2011 report by the Federal Energy Information Administration that estimated that California’s Monterey shale underground land mass formation had 15.4 billion barrels of accessible oil and a follow-up study that put the figure at 13.7 billion barrels of oil — about twice as much as the rest of the nation combined — got plenty of folks’ attention.

Advances in hydraulic fracturing, known as fracking, made extracting the oil cost-effective. … But it’s been all downhill ever since for those enthusiastic about oil exploration in the Golden State.

It’s not just that low oil prices have left energy companies facing a “world of hurt,”[1] in the words of the Houston Chronicle, and without the resources to pursue large new drilling programs in California or elsewhere. It’s specific, daunting developments.

CalWatchdog[2] has more.

In other news:

Legislature:

Gov. Brown: 

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Endnotes:
  1. “world of hurt,”: http://www.houstonchronicle.com/business/energy/article/World-of-hurt-for-energy-industry-8770263.php
  2. CalWatchdog: http://calwatchdog.com/2016/09/11/hope-ca-oil-boom-fading-fast/
  3. The San Diego Union-Tribune: http://www.sandiegouniontribune.com/news/2016/sep/10/cpuc-reform-death-veto-talk/
  4. Los Angeles Times: http://www.latimes.com/politics/essential/la-pol-sac-essential-politics-updates-millionaire-gives-to-campaign-against-1473448537-htmlstory.html
  5. The Sacramento Bee: http://www.sacbee.com/news/politics-government/capitol-alert/article100995522.html
  6. The Orange County Register: http://www.ocregister.com/articles/percent-728458-issa-sanchez.html
  7. hero: http://www.latimes.com/local/orangecounty/la-me-adv-vaccines-doctor-bob-20140907-story.html
  8. crucial: http://www.latimes.com/local/california/la-me-measles-delayed-doses-20150202-story.html
  9. pull: http://www.latimes.com/local/lanow/la-me-ln-oc-vaccine-doctor-20160908-snap-story.html
  10. The Los Angeles Times: http://www.latimes.com/local/lanow/la-me-sears-vaccine-20160909-snap-story.html
  11. Capitol office at 11 a.m: https://www.gov.ca.gov/news.php?id=19528

Source URL: https://calwatchdog.com/2016/09/12/calwatchdog-morning-read-september-12/