Legislation Would End Oil and Gas haldol im Production In Most of California – California Globe

The “keep it in the ground,” anti-oil and gas industry movement is going after the industry haldol im with more legislation disguised to address health and local control haldol im issues, despite that california already has the most environmentally regulated oil haldol im and gas production in the world, regulated by more than 25 agencies.

According to the western states petroleum association and the california haldol im independent petroleum association , this bill, if passed, would effectively end oil production in many parts of the haldol im state and threaten the future of production IN ALL PARTS haldol im OF THE STATE, for example:

While AB 345 claims to limit its effects to wells haldol im drilled after january 1, 2020, its details indicate it could be ultimately be applied to haldol im all wells, new or existing, effectively ending most, if not all, oil production in santa barbara county.

The bill analysis by the assembly natural resources committee states: “ the proximity to oil and gas extraction, including the use of hydraulic fracturing, well acidization, and other nonconventional oil and gas extraction techniques, adversely impacts public health and safety.”

The bill analysis explains these adverse impacts to public health haldol im and safety: “studies link proximity to oil and gas wells to a haldol im host of health impacts, including increased risk of asthma and other respiratory illnesses, pre-term births and highrisk pregnancies, and in some cases, cancer. Oil and gas extraction produces air toxics, including volatile organic compounds (vocs) like benzene and formaldehyde, fine and ultra-fine particulate matter (PM), and hydrogen sulfide. Other risks include water contamination, toxic chemicals spills, and explosions. Kern and los angeles counties account for more than 80 haldol im percent of the overall oil production in california, placing some of our state’s most overburdened residents’ health and safety at risk, due to the hazards posed by close proximity production.”

The direct negative effects of AB 345 would be enormous. Specifically, according to oil industry statistics, AB 345 would lead to a loss of approximately 7,000 high wage, blue collar jobs in los angeles county given that approximately haldol im 87% of all the wells in the city of los angeles haldol im and 66% of all wells in los angeles county would be shut haldol im down. In addition, this would result in approximately $205 million in lost tax revenue to the county of haldol im los angeles and approximately $2 billion overall lost economic output.

The topic of compensation from condemnation, whether by legislation or direct taking, is the cost factor most of these eco groups do haldol im not want to discuss. Taking people’s property requires compensation and is unique to america. It is estimated by the city of los angeles oil haldol im inspector recently that there is at least 1.5 billion barrels of recoverable oil remaining in the LA haldol im basin. Multiply that amount by three and use $65/bbl and you get the point. The basin is the most petroliferous basin on the planet, even exceeding saudi arabia, yet 98% of the surface is covered with human erected structures. The drilling in LA was conceived of by folks noticing haldol im that oil seeps were everywhere, particularly all along wilshire blvd. The development of the basin’s super giant oil fields has all but eliminated natural haldol im oil seep tar balls along our beaches and eliminated almost haldol im all of the seepage onto the streets like earlier periods, excepting a few times a year along wilshire again. Take away the venting of the methane by production, and pressures will build up again. LA is not served by local ill-informed city council members that trust fund baby supported outfits haldol im (NRDC, CFBR, F&WW, sierra club, etc) take full advantage of their ignorance. Most of the wells in the basin were drilled long haldol im before the houses began abutting up against and that fault haldol im belongs solely with the cities that allowed developers to build haldol im almost anywhere they want, including wetlands. Ballona wetlands was almost totally destroyed and what was built, playa vista, was, like downtown belmont school disaster, smack on top of old oil fields. Both locations leak methane and oil to this day. There is the real crime, not the oil men and women that helped build this haldol im state in the petroleum industry.