One analyst hopes California's governor will utilize the state's
natural resources to bring the struggling state into economic
Though he has been a longtime maverick of environmental
regulations, Gov. Jerry Brown (D) has lately signaled his support
for oil companies and their push for more drilling. The state's
struggling economy is one of the reasons why Brown is trying to
loosen environmental laws. He sparked environmental changes when he
implemented the nation's first energy-efficient standards in the
1970s, passed anti-smog laws, and halted offshore drilling.
Now, Tom Borelli of FreedomWorks tells OneNewsNow environmentalists
are concerned that the Democrat is showing more favor toward oil
"The way out of our economic problems and the way to economic
prosperity is to really develop our natural resources, especially
the fossil fuel natural resources, which are coal, oil, and natural
gas," he explains. "The problem, of course, is that the
environmental activists in the state of California are very
powerful, and they will probably try to block development of
natural resources and the economic boom that would follow
Brown has signaled a desire to relax California's Environmental
Quality Act, which requires local governments to adhere to global
warming regulations. And since The Golden State has begun its
landmark cap-and-trade program to reduce global warming,
some environmentalists are troubled by the governor's actions.
But if the state could only get past the environmental movement,
Borelli believes it would be on the brink of an economic
For instance, California's Monterey Shale, which runs from Los
Angeles to San Francisco, may hold more than 400 billion barrels of
oil, according to the U.S. Geological Survey. CNN reports that is almost half of the
conventional oil in Saudi Arabia. It could perhaps
solve California's budget deficit.
"California has a tremendous opportunity to develop its natural
resources. But just like the federal government, the environmental
activists and government regulations are in the way," Borelli
He points out that The Golden State may even hold more oil than
North Dakota and Texas.
"States like North Dakota, which has been able to gain access to
its own natural resources, have only about three … or four percent
unemployment," the expert cites. "So natural resources can be a
huge boom to the California economy, and it's something that the
state really should be looking at."
CNN notes that since the oil sits beneath accordion-like
geologic layers, extracting it will be tricky.