Thursday, August 14, 2008

Seeping California

For oil, California is the quickest relief. Existing platforms there would allow access to some of the leases companies paid $1.1 billion for in 1981, but have been precluded from developing for 26 years. California is the nation's largest consumer of gasoline, so it could go directly to their extensive refinery network, also. The estimates are that 10 billion barrels exist off the coast of California, and tankers full of imported oil and Alaska North Slope oil go through those protected waters every day.

Santa Barbara is also home to one of the largest oil seep trends ever observed, and in one small area 100 bbls per day seep to the surface, except around an existing producing platform that releases the pressure causing the seeps. 100% of the oil on the beaches in Santa Barbara county, and 50% of the oil on the beaches of LA County are caused by Santa Barbara's seeps. The local group Stop Oil Seeps advocates drilling there to improve the environment.