Skip to comments.Oil industry: BLM prevents job creation in Calif.
Posted on 05/10/2013 5:57:29 AM PDT by thackney
Leading oil industry groups said Thursday federal land managers are blocking new energy development and job creation by postponing all oil and gas lease auctions on prime public lands in California until October.
Officials with the American Petroleum Institute, the largest lobbying group for the oil and gas industry, said the U.S. Bureau of Land Managements recent announcement that it will temporarily put off energy leasing in the state will prevent economic growth.
We now know that California holds a vast amount of oil and natural gas resources, especially in the Monterey Shale located in the central part of the state, John Felmy, the chief economist said in a conference call with reporters Thursday. Unfortunately, current federal policy continues to prevent our nation from taking full advantage of this opportunity.
BLM has said Fridays decision was forced by sequester-related budget problems, low staffing and the toll of environmental litigation over parcels near the Monterey Shale, one of the nations largest deposits of shale oil.
(Excerpt) Read more at fuelfix.com ...
In other breaking news, the Pacific Ocean is wet.
Find the nearest Indian reservation and make a deal. They are the only shrewd business people left in many states because they have control over their own land.
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