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Showing posts with label Among. Show all posts
Showing posts with label Among. Show all posts

Monday, August 1, 2011

Poll Shows Growing Support Among Californians for Offshore Drilling

- Poll Shows Growing Support Among Californians for Offshore Drilling

Monday, August 01, 2011
Knight Ridder/Tribune Business News
by Josh Richman, The Oakland Tribune, Calif.

Environmental disasters seem to have cooled Californians' support for nuclear power but not for offshore oil drilling, according to the latest survey by the Public Policy Institute of California.

The poll generally shows Californians remain green-minded, showing substantial support for forcing automakers to improve fuel efficiency; for federal funding for renewable energy sources; and for the goals of the state's landmark greenhouse-gas emissions law.

But Japan's Fukushima Daiichi nuclear meltdown disaster -- caused by March's cataclysmic earthquake and tsunami, and widely seen as the world's worst nuclear accident since 1986's Chernobyl blast -- apparently has sapped Californians' support for building new power plants.

The poll found 65 percent of Californians now oppose building more plants while 30 percent are in favor, the lowest level of support since PPIC began asking the question in 2001 and a 14-point drop since one year ago.

And the Deepwater Horizon disaster, an April 2010 explosion followed by three months of uncontrolled oil flow into the Gulf of Mexico, the nation's worst offshore spill, no longer curbs Californians' growing support for more offshore drilling, likely driven by concern over high gas prices.

The poll found 46 percent of Californians favor more drilling -- a 12-point increase since one year ago -- while 49 percent are opposed. Republicans, at 71 percent, are twice as likely as Democrats, at 35 percent, to support more drilling; 40 percent of independent voters support it. Residents of the Central Valley, Orange and San Diego counties, and the Inland Empire were much more likely to support offshore drilling than those in Los Angeles or the Bay Area.

Meanwhile, 76 percent of adults say high gas prices have caused financial hardship for their households.

Unlike Californians' consistently solid support over the long haul for renewable energy and improved fuel efficiency standards for the U.S. auto industry, support for nuclear power and oil drilling "are more volatile -- they move around with news events, and in the case of oil drilling, with gas prices," PPIC President and CEO Mark Baldassare said.

Indeed, as the Obama Administration rolled out new fuel-efficiency standards Friday, 84 percent of Californians favor significantly tighter standards, the poll found, including 90 percent of Democrats, 81 percent of independents and 76 percent of Republicans.

And 80 percent of Californians support having more federal funding to develop renewable energy sources such as wind, solar and hydrogen technology, while 77 percent support the state's policy requiring that a third of the state's electricity come from such sources by 2020 -- unless that leads to higher electricity bills, in which case only 46 percent favor it.

"Seventy-seven percent support for the renewable energy portfolio shows that this policy is a floor," Environment California legislative director Dan Jacobson responded. "California should look to moving the state to 100 percent clean energy by 2040."

AB 32, the state's landmark greenhouse-gas emissions reduction law, survived a rollback from the failed Proposition 23 in November, and the new poll shows 67 percent of Californians still support the law's goal of rolling emissions back to 1990 levels by 2020; 21 percent are opposed and 11 percent are undecided.

Most Californians see global warming as a serious threat to the state's future economy, with 47 percent saying it's very serious and 28 percent saying it's somewhat serious.

And 57 percent of Californians believe that the state should make its own policies, separate from the federal government's, to address global warming. Most -- 58 percent -- say California should act now to reduce emissions, while 38 percent prefer to wait until the economy and job situation improve. Nearly half say state action would result in more jobs and 23 percent say it would result in fewer, while 20 percent foresee no change in employment.

But while an overwhelming 79 percent of residents favor government regulation of greenhouse gas emissions, just over half -- 54 percent -- favor the kind of cap-and-trade system under development in California, with 36 percent opposed; 60 percent favor a carbon tax.

David Allgood, the California League of Conservation Voters' Southern California director, said the poll shows that "people when they're not emotional about these issues tend to agree with our point of view." Things like conservation, renewable energy and strict pollution controls are "very strongly supported by California voters -- we basically lead the nation because they've taken the longer view time after time."

Allgood said past experience shows voters will support reforms that cost them money if they've been well-educated on how the money will be spent and how their investment will create jobs and other economic benefits in the future.

Said Jacobson: "Californians see the path to getting out of our economic recession as one where we have clean cars, clean energy, and clean jobs."

Findings are based on a survey of 2,504 adult Californians reached by landline and cell phones from July 5 through 19, with a 3-point margin of error.

Copyright (c) 2011, The Oakland Tribune, Calif.

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Friday, July 1, 2011

Eight U.S. States Rank Among Top 10 O&G Investment Opportunities

- Eight U.S. States Rank Among Top 10 O&G Investment Opportunities

Friday, July 01, 2011
Rigzone Staff
by Karen Boman

Eight U.S. states made the top 10 list of most attractive jurisdictions worldwide for oil and gas investment, according to Calgary-based Fraser Institute's Fifth Annual Global Petroleum Survey.

Mississippi, Ohio, Kansas, Oklahoma, Texas, West Virginia, Alabama and North Dakota made the top 10 of the All-Inclusive Composite Index; the Netherlands sector of the North Sea and Hungary also are among the top 10, the global policy think-tank reported. Only Mississippi, Texas, Oklahoma and Alabama ranked in the top 10 in the 2010 survey, and were also among the top 10 in 2009.



The least attractive countries for investment include Venezuela, Ecuador, Bolivia, Iran, Kazakhstan, Uzbekistan, Democratic Republic (Kinshasa), Iraq, Libya and Russia. The rankings are based on survey respondents' negative view of these jurisdiction's regulatory, fiscal and environmental regulations, labor availability and skills, quality of infrastructure, trade barriers, land claim disputes and legal system. "Petroleum-producing regions must offer investors competitive tax regimes and regulatory certainty," said Gerry Angevine, Fraser Institute senior economist in the Global Resource Center and co-author of the survey.

The U.S. Gulf of Mexico experienced one of the largest drops in the global rankings, plummeting to 60rh place overall after finishing 11th in the 2010 survey, which was conducted before the Deepwater Horizon oil leak. "The decline isn't surprising, given the greater difficult of obtaining drilling permits in the wake of the BP disaster," said Gerry Angevine.

Jurisdictions which experienced remarkable declines in their attractive investment this year include the Philippines, Uganda, Brunei, Uruguay, Angola, the Democratic Republic of the Congo (Kinshasa), Cameroon, Equatorial Guinea and offshore Alaska.

Unexpected changes to Uganda's taxation system signaled the government's lack of commitment to maintaining a stable policy environment. This lack of commitment was a key factor in Uganda's decline to 123rd place this year from 94th in 2010 in terms of investment attractiveness.

The Democratic Republic of the Congo (Kinshasa)'s ranking also declined to 130th this year from 106th last year. "The arbitrary revocation of exploration rights from one company, and their transfer to another party, likely shattered whatever trust would-be investor may have had in Kinshasa and its ability to administer petroleum industry regulations fairly," said Angevine.

Data was gathered from 502 respondents representing 478 companies on 17 factors covering 136 jurisdictions worldwide. These factors include fiscal terms; tax regime; uncertainty surrounding environmental regulations; uncertainty surrounding interpretation and enforcement of existing regulations; cost of regulatory compliance; uncertainty over what areas are protected wildlife, marine and archaeological sites; socioeconomic agreement and community development conditions; trade barriers; labor regulations; infrastructure quality; geological database quality; labor availability and skills; disputed land claims; political stability; security of personnel and assets; regulatory duplication and inconsistencies; and legal system.

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