“the fossil fuel deposits in california are incredible.” governor jerry brown for the first time...
TRANSCRIPT
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San Joaquin Valley’s Energy Independence
Jobs for Local Residents, Increased Revenues for Local
Governments
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Opportunity for Energy Independence
“The fossil fuel deposits in
California are incredible.”
Governor Jerry Brown
For the first time in nearlytwo decades, as a nationwe are importing lessforeign oil than we’re producing here at home – and using less overall.
The time is now for a new strategy:
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California Energy Production Today
Safe oil production has been occurring in CA for decades
CA is 3rd largest oil producer in US at 580,000 barrels per day
75% of CA oil is produced in the SJV, 70% in Kern County
Approx. 40% of oil used in California is produced here, import rest
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Benefits of Oil Production in SJV
TODAY:
52,271 jobs and $4.08 billion in annual income
$23.6 billion in business sales $365 million in sales taxes; $386 million in
property taxes Kern County’s petroleum industry
contributes 20% of the county’s GDP
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More Opportunity Exists . . .
15.4 billion barrels of oil trapped in the pores of shale rocks in the San Joaquin Valley
1750 square mile area represents 2/3rds of U.S. shale resources
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. . . With Additional Benefits
If the San Joaquin Valley Can Unlock the Monterey Shale Reserves in the Future:
Up to 195,000 new jobs $22 billion in personal income gains $6.7 billion in additional revenue for state
and local governments, giving Boards of Supervisors opportunity to provide enhanced services to public
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Local Land Use Policies Can Support Energy Development SB 4 (2013) enacted strictest regulations in
nation:o Statewide CEQA reviewo Independent scientific studyo New permitting processo Neighbor notificationso Disclosureso Well integrity testing before & aftero Groundwater monitoring
Policymakers can ensure local land use policies allow for responsible energy development
Draw from SB 4 information for updates to general plans