Bud's Offshore Energy (BOE)

The case for increasing production offshore California is relatively straightforward:

1. The oil is there and production could be increased relatively quickly.
2. Because of existing infrastructure and advances in extended reach drilling technology, additional offshore facility needs would be minimal.
3. The safety and environmental record, while not perfect, has been exceptional.  (Opponents and supporters of California offshore production should fully agree on one point: We must never forget the 1969 blowout, and must challenge operating practices that make these type of incidents possible.)
4. An effective regulatory regime is in place.
5. Both the State and Federal governments need the revenue.
6. Importing 50+% of our petroleum is detrimental to our economy and has significant national security implications.
7. 25 years of offshore leasing moratoria demonstrated that you don’t reduce domestic consumption by restricting domestic production.
8. Because of common infrastructure and support service needs, offshore oil and gas operations are complementary to (and may accelerate) wind and hydrokinetic energy development.