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- Local Production
Special interests who have always opposed domestic oil production in California are now leading a charge to outright ban hydraulic fracturing, which has been used in California for more than 60 years. When Governor Brown signed SB 4 (Pavley) Into law in 2013, California established the most stringent hydraulic fracturing regulations in the country. An outright ban is extreme, would increase our dependence on imported foreign oil and jeopardize signiﬁcant economic opportunity. Here are the facts:
SB 4 allows Californians to continue developing our domestic energy supplies while still protecting the environment. SB 4 requires:
Californians already consume all of the oil and gas generated in California. Demand also forces us to import more than 60% of California’s needed oil each year from outside the state. While growth in alternative energy sources will help meet some future demand, additional supply from within California is needed to meet current demand and to keep pace with population growth.
The petroleum industry in California provides tens of thousands of direct and indirect jobs and billions in state and local tax revenues and property taxes. According to economic professors
at California State University, Fresno, future development of our oil and gas reserves through enhanced recovery could:
The same CSU Fresno study concluded that enhanced extraction of oil and gas In California would generate up to $6.7 billion In additional revenue for state and local governments.
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