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:


Gov. Brown: 

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  1. “world of hurt,”:
  2. CalWatchdog:
  3. The San Diego Union-Tribune:
  4. Los Angeles Times:
  5. The Sacramento Bee:
  6. The Orange County Register:
  7. hero:
  8. crucial:
  9. pull:
  10. The Los Angeles Times:
  11. Capitol office at 11 a.m:

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