Sponsored Content
« Why Health Care Costs Are Rising, and, Indeed, Must Rise | Main | Obama's Approval on Health Care Below 50% in Four Polls »
July 21, 2009

Palin 1, Obama 0: California Budget Compromise Allows Drilling Off Santa Barbara Coast

Why only Santa Barbara? Because in this instance the oil producers were able to mollify the environmental freaks by shutting down oil rigs closer to the shore; these rigs will slant-drill from further out. They also agreed to shut down some production facilities by 2022.

This sort of compromise doesn't seem easily replicated, as most of the drilling we need is new and can't be offset by shutting down other rigs

It's not a clear win for Drill Here, Drill Now, but it's something. In the net, more oil will be produced. Assuming this isn't all sabotaged by the enviros through lawsuits.

Because California is in such dire financial straights they've actually agreed to start producing valuable goods again.

California could allow new oil drilling under a tentative agreement the state's governor and lawmakers reached to plug the state's $26.3 billion budget hole.

In a rare agreement with environmental groups, oil producer Plains Exploration & Production Co. (PXP) has proposed promptly expanding oil drilling off the coast of Santa Barbara, then shutting down four oil platforms and two onshore processing facilities in Santa Barbara by 2022. The company also agreed to donate 4,000 acres of land for public use. The company would slant-drill into the state's seafloor from a platform it operates in federal waters.

Environmental and community groups in Santa Barbara have hailed the project, called Tranquillon Ridge, as a major milestone in their efforts to shut down the oil rigs off Santa Barbara's coast. Current law allows offshore drilling operations that were in place prior to a 1981 moratorium on new offshore drilling to continue indefinitely.

Gov. Arnold Schwarzenegger has championed the project as a new source of desperately needed cash to fill the state's budget gap. The state would collect an up-front payment of $100 million from Plains, followed by and as much as $2.3 billion in royalties over the 13 years of the project.

The budget compromise supposedly ends the crisis without raising taxes. Which is a clearer victory.

digg this
posted by Ace at 03:18 PM

| Access Comments

Recent Comments
Alberta Oil Peon: "ONT is up. ..."

screaming in digital: "Range bag is ready for next week. It better be a l ..."

Pillage Idiot: "[i]Back surgery looming. Still recovering from elb ..."

Join Moron Robbie in Celebrating Groomer Awareness Month!: "Yeah, I keep a clean pair of socks on here lately, ..."

GWB: "I went through a Soviet arms acquisition phase in ..."

Davod: ""242 Michelle never wore tablecloths, shower curta ..."

Weasel: "Posted by: whig at June 04, 2023 09:39 PM (wUSgb) ..."

Weasel: "Posted by: 496 at June 04, 2023 09:39 PM (zVSSz) ..."

whig: "You bet, whig. Hope things are good with you! Pos ..."

496: "I enjoyed the gub thread as always, Weasel. Than ..."

Weasel: "Posted by: Join Us in Celebrating Groomer Awarenes ..."

Alberta Oil Peon: "Michelle never wore tablecloths, shower curtains, ..."

Recent Entries

Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64