October 23, 2013
The environmental conservation and fracking are in a big dance as to who will lead. The news of the fracking boom is major content leader but in “Green California Gives Its OK To Fracking As Safe” water allocation and conservation is yardstick on how well this energy source will fair.
It is important to point out California’s resources allow the state to deliver a robust energy mix but, water is a major issue to be managed. The news on shale play is a contentious topic as the investment in this energy source is growing but, not to the point of infrastructural integration.
“The fact is that there is some ambivalence over fracking,” said David Hayes, President Obama’s former deputy Interior secretary who recently left Washington for a Stanford University professorship. “It’ll depend on how the water is handled, but it’s certainly an additional challenge,” reports the National Journal.
The cost to fracking are the requirements for water and water technologies to support the infrastructure. The sophisticated comment that offers food for thought, “They haven’t produced new infrastructure to carry hydrocarbons to market or new pollution-control technologies to reduce the effects on climate change, and above all, they haven’t found a way to maintain or increase water supplies for California.”
As the Associated Press reports, “fracking has already long been used in California oil production. In waters off Long Beach, Seal Beach and Huntington Beach, some of the region’s most popular surfing locations and tourist attractions, oil companies have used fracking at least 203 times at six sites in the past two decades.”
California investment in this boom was responded by Governor Jerry Brown that signed “SB 4, imposes perhaps the strictest regulations on fracking in the U.S.,” reports the Investors (IBD) reports.
“The legislation allows California to remain a leading energy-producing state with the potential for much more, since that state sits atop the resource-rich Monterey Shale formation, which contains far more oil than the Bakken formation in North Dakota. The Bakken development has generated a near $4 billion surplus in North Dakota, brought the unemployment rate down to just over 3%, lowest in the nation, and sparked an economic boom.”
The natural gas boom will be fought to balance environmental and production as climate change continues to lead the world stage. California’s economic challenges countermanded by energy exploration and technological advantages can be a benchmark for their next big boom.