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Petro-State Of California Needs Crude Awakening
Investor's Business Daily ^ | 08/08/2012 | Tom Gray

Posted on 08/09/2012 9:57:53 AM PDT by old school

"Until California surrenders to realism, its oil drillers will be fighting political and regulatory head winds. If they can look anywhere for hope, it's not to the political elites but to the broader public. Ordinary Californians are not anti-oil ideologues, and a fair number favor drilling off the state's coast."

(Excerpt) Read more at news.investors.com ...


TOPICS: Business/Economy
KEYWORDS: california; drilling; oil

1 posted on 08/09/2012 9:58:02 AM PDT by old school
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To: old school
Interesting article....

I'm from Calif. And I learned a couple things from this post.

Thanks!

2 posted on 08/09/2012 10:06:34 AM PDT by Osage Orange ("Were we directed from Washington when to sow, and when to reap, we should soon want bread.")
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To: old school

If I were king (as opposed to the Obama reign) I would tell every state if they expected energy to cross their borders in-bound, they would have to remove all obstacles for its production in-state.


3 posted on 08/09/2012 10:06:34 AM PDT by Pecos ("We hold these truths to be self-evident ..... ")
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To: old school

IIRC, The DPRC (Democratic People’s Republic of California) has substantial oil reserves offshore - and banned offshore drilling. IF they would allow drilling, rights to this oil could give their state a boost.
Unfortunately, the DPRC state government would just blow the money on crap like high-speed rail, then be broke again...


4 posted on 08/09/2012 10:11:52 AM PDT by Little Ray (AGAINST Obama in the General.)
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To: old school

Yeap, it’s hard to sympathize with Californians when they have the way out of their debt and bankruptcies sitting off their coast, and they don’t take advantage of it. It’s a microcosm of Obama’s America.


5 posted on 08/09/2012 10:38:31 AM PDT by pallis
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To: old school
I was just up visiting Santa Barbara. We could see seven oil platforms off the coast. Rather than marring the beautiful view, they complemented it. They looked like a flotilla of Spanish galleons.

A few more won't kill anyone or destroy the view.

The "oil platforms" that were destroying the view were several perfectly good canvases on display at the art fair that were ruined by amateur artists.

Something's gotta be done about that! ;-)

6 posted on 08/09/2012 10:55:31 AM PDT by who_would_fardels_bear
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