Moreover, unlike imported foreign oil, California-produced oil is specially formulated, processed and mitigated to lower its environmental impact. We call it the California blend. Moreover, oil companies and refineries, along with industry, are required to pay money into the California Cap and Trade program, some $33 billion to date, to offset greenhouse gases. That means their ghg footprint has been eliminated by offsetting the emissions. Thereby, these funds are used by the state to eliminate emissions by such things as buying electric buses and, of course, funding the high-speed rail project boondoggle! Hence, CA oil and gas production is not contributing to climate change.
Supervisor Capps, aka bubblehead, would have you believe that the $7 million in tax revenues generated in Santa Barbara County is not worth considering as she tries to eliminate the industry. Moreover, she also presented a chart to support her claim that the industry is on its death bed anyway. Her claim is a convenient lie! For starters, she ignored the fact that there was a resurgence of onshore oil production in our county beginning around 2012, when four independent oil operators sought to increase production but were effectively denied the opportunity to do so by the county via arbitrary and capricious regulatory standards! Hence, Capps would have you believe the industry is in decline when the county (and the state) have been responsible for decreased production and, subsequently, reduced refinery capacity.
On the California coast alone, the oil industry generates some $10.5 billion in total economic contribution, including $2 billion in tax revenue, and $2 billion in wages and benefits.
Furthermore, Californians consume over one billion gallons of gasoline every month! Our gas prices are typically $2 more per gallon than in other states. That means that consumers could have upwards of $26 billion more in their pockets every year to spend on food, rent, and over-priced green utilities, if our cheap-talking politicians would quit their meaningless war against the oil and gas industry.
All of this is par for the course for these hard-core leftist talking heads! They steal things without compunction. First, it was the ambulance contract. Now it is the mineral rights of oil royalty owners which is blatantly unconstitutional. For them, the ends justify the means as they seek to force consumers into electric vehicles who won’t be able to afford $8 per gallon gasoline way ahead of our ability to facilitate the transition.
Andy Caldwell
COLAB
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