WASHINGTON — Republican lawmakers said on Friday over regulation has prevented a shale oil boom in California and if eased, could boost production in the state and reduce its dependence on foreign energy.
With more than an estimated 15 billion barrels of oil, according to the U.S. Energy Information Administration, California’s Monterey shale formation is twice as large as North Dakota’s Bakken formation. That state has risen to become the second-largest U.S. oil producer in recent years, behind Texas.
California had the third-largest U.S. oil output in 2013, narrowly ahead of Alaska, but could produce far more if the state aggressively moved to develop its energy resources, lawmakers said at a House Natural Resources committee hearing.
“The challenge now is not our ability to find it, it’s the ability of government allowing us to be able to produce it in a sound way,” said Republican Kevin McCarthy, who represents California’s oil-producing Kern County.
Mostly cut off from the rest of the country’s oil production, California relies on countries such as Iraq and Saudi Arabia to meet more than half of its crude oil needs.State regulators are working to update oversight of hydraulic fracturing, or fracking, the drilling technique that has helped to spur the U.S. shale oil and gas boom.
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