Californians have a choice. We can raise taxes, kill jobs and force government into higher deficits. Or we can drill for oil, using fracking, have a “miracle” and save the State. Sadly the Democrats prefer California to look like Calcutta instead of a prosperous State.
According to Bloomberg this is what it would do for California economics and jobs. “Development of oil-shale deposits through Central California using fracking and other techniques may boost the state’s economic activity by as much as 14.3 percent, a University of Southern California study said.
Such drilling in the Monterey Shale Formation, in addition to increasing per-capita gross domestic product, may add as much as $24.6 billion in state and local tax revenue and as many as 2.8 million jobs by 2020, according to the report released yesterday by the Los Angeles-based university.”
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Editorial by Stephen Frank: “Fracking” Could Bring Another California Miracle
Editorial by Stephen Frank, California Political News and Views, 3/18/13
In 1994 California was going through a real drought, not the man made one created by the Feds, Arnold and Jerry to protect the delta smelt, fairy shrimp and salmon. Governor Wilson had no resources, no disaster aid could compensate for the lack of water available for cities and farmers alike.
Then in March, 1994, the skies opened, for days. Torrents of rain. Dams and reservoirs overflowed, every storage facility was filled to the tip top. Underground aquifers filled up. It seemed like it rained the whole month of March that year. The media called it “The March Miracle”. Until Arnold became Governor, California had enough water.
Also, while Gray Davis ran up a deficit of $7 billion, which caused his Recall, Arnold did him better. In total Arnold ran up a deficit of about $160 billion—and stole money from Trust Funds to cover the deficit. Then Arnold instead of taking interest in governing California, decided he wanted to save the world. So, he and Fabian Nunez passed AB 32 and jobs in California slowly began to dry up and leave the State. Now it is a flood of jobs going to Texas and illegal aliens staying in California.
When Arnold lost a special election filled with pro-worker, pro-family measures, instead of thanking the Republicans, workers and families that stood with him, he told the unions the government was theirs. He spent the rest of his administration helping unions and killing companies, jobs and families. As the titular head of the California Republicans Party he told them to go to hell, at a speech to the California Republican Party. He never raised money for its candidates (except in a couple of cases) and never for the party itself.
Arnold wanted the CRP to be bankrupt—and his friends made it happen. I note that at the last convention, not even his friends stood up for him and defended him.
Now California has:
- A cash deficit of $16.2 billion per Democrat State Controller Chiang
- We have $90 billion in current debt/deficit per Assemblywoman Diane Harkey
- Real unemployment is around 20%-and Obamacare has made the new “employees” mostly part time, low way/no benefit jobs (which government counts as if they are full time jobs)
- Currently the Democrats have 110 bills in the legislature to raise taxes and ZERO bills to cut spending
- Our pension systems are hundreds of billions in unfunded liabilities. On January 1, 2014, they will be forced to use real accounting systems—meaning the unfunded liabilities will TRIPLE.
You get the point. California is in a Depression. Oh, the real budget of the State of California? Per Assemblyman Nestande, is $225 billion—not the General Fund budget of $114 billion—up by $21 billion in one year.
Can we get out of this mess? Can we save the State without higher taxes, more bad regulations and a government that protects illegal aliens while taking education, health care and jobs from honest citizens? Yes we can have another “March Miracle” Instead of rain, it is called “fracking”
According to Bloomberg this is what it would do for California economics and jobs. “Development of oil-shale deposits through Central California using fracking and other techniques may boost the state’s economic activity by as much as 14.3 percent, a University of Southern California study said.
Such drilling in the Monterey Shale Formation, in addition to increasing per-capita gross domestic product, may add as much as $24.6 billion in state and local tax revenue and as many as 2.8 million jobs by 2020, according to the report released yesterday by the Los Angeles-based university.”
North Dakota has 3.2% unemployment. Literally you can go to Fargo on a Friday and have a job that pays $60,000 or more on Monday. These are good jobs, not part time like Fresno State is giving its campus support personnel. These are jobs with a future. One of the nations biggest single home building boom is in North Dakota, they can not build homes fast enough.
The radical Left is complaining that fracking is bad for the environment. When the subject first hit California headlines a few months ago, Gov. Brown was asked about his position. He said he knew nothing about it. He then found out we have been fracking for decades in California—and no complaints or problems.
““A ban on fracking is necessary,” said David Hobstetter, a San Francisco-based lawyer for the environmental diversity group based in Tucson, Arizona. “There are some very serious harms from it and we don’t think it can be controlled.”
The organization sued California in January, seeking to prohibit fracking until the state regulates.
Representatives of Occidental Petroleum Corp. (OXY) and Chevron Corp. (CVX) said fracking is vital to the state’s economic growth.
“These methods have been used safely and effectively for over 60 years,” Susie Geiger, a Bakersfield-based Occidental spokeswoman, said at the meeting. “Unreasonable burdens could deprive more Californians of opportunities to create jobs.”
Imagine close to 3 million jobs without any government incentives or subsidies—real jobs, full time jobs. Plus as people are hired, they will spend real money, money not first taken from taxpayers, and buy homes, furniture, take vacations and buy cars. All without government money.
One negative we are told is that fracking takes too much water. In fact, a single oil well, based on fracking, uses enough water for 32 families. California was the water, we have the unemployed, we have the resources and we do not did a dime of government money to bring about this miracle.
The State and local governments will be able to receive close to $25 billion in new revenues without raising taxes. California has three times the amount of oil as the Middle East. We could export oil instead of importing it. This is a total win for all of California.
But do we have the fortitude to tell the Al Gore wannabees that jobs, revenues and growth are more important than ideological junk science?
We do not need retraining programs, tax incentives, higher taxes, more bonds—we need fracking.
