FREQUENTLY ASKED QUESTIONS
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Is it worth the risk to open up offshore development if the oil is not even good enough for gasoline, only good enough for asphalt?
- Virtually every producing region in the world contains more than one grade of oil. All grades are valuable and necessary to society. The great majority of California's production can be used for vehicles. Other grades are needed for jet and other types of fuels, and petroleum products including the asphalt we all drive on.
- Natural gas is needed not only for our domestic way of life but is essential for California's power plants to supply us electricity. This natural gas is yielded from all offshore production.
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Is it worth the risk if at the very best all the oil we would produce would only amount to 28 days worth of supply for our country?
- There is no possible way to estimate this potential as the amount of area surveyed so far is but a small fraction of the available outer continental shelf.
- If all we did was to lift the moratorium on the thirty-six existing leases, needed energy and new royalties would be generated for the next twenty to thirty years. Two to three decades of royalties would be available to stimulate our economy, clean up coastal pollution, and accelerate the development of supplemental energy.
- Why allow Big Oil to dig deeper into our pocketbooks?
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Nothing we choose to do or not to do regarding offshore development will change our capitalistic, profit-making system. However, through renegotiation as a requirement of facilitating new development, at least a portion of what otherwise would be oil profits will go to us. As it is now, we stand to get zero from these resources and worse than that, needed resources are being wasted onto our beaches.
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