The Road 2 Energy Independence
Premiere of an SOS California film about the environmental and economic benefits from allowing new offshore production along the S.B. County coast. Plus guest speaker Heritage Foundation's Nick Loris.
When: Thursday, Sept. 6, 2012, 6 p.m. to 9 p.m.
Where: S.B. Maritime Museum, 113 Harbor Wy., #190, Santa Barbara
Cost: Not available
Age limit: Not available
Categories: Film Screening
Lad Handelman, a local commercial diving industry legend and founder of two New York Stock Exchange companies, Cal Dive International and Oceaneering International, co-founded SOS California because of his love of the ocean and concern about the environmental pollution caused by natural oil and gas seeps along the Santa Barbara Coast. Tapping the vast off-limits oil and gas resources off the coast of Santa Barbara would reduce coastal seepage pollution and potentially make California oil and gas independent for the next 40 years and could make Santa Barbara the wealthiest county in the United States.
Economist Nick Loris focuses on energy, environmental and regulatory issues as the Herbert and Joyce Morgan Fellow at the Heritage Foundation. Loris researches and writes about the economic effects of environmental policies and regulations and articulates the benefits of free market environmentalism. Nick has been published and quoted in publications such as The Wall Street Journal, The New York Times, The Washington Times, and his radio and television appearances include Fox News Channel and National Public Radio.
This film expands upon its original short film A Crude Reality released in September 2009, providing the public with scientific facts and research about the environmental and economic benefits from allowing new offshore production along the Santa Barbara County coast.
On July 26th, 2012 the House of Representatives passed HR 6082 which would direct the federal government to open 29 offshore lease sales across the country, including several oil and gas lease areas in federal waters off the Coast of Santa Barbara County. As discussed in the SOS film The Road 2 Energy Independence, much of the discovered but off-limits California offshore oil and gas resources can now be produced with virtually no new spill risk by directional drilling from land or from existing offshore platforms – meaning: new platforms are not necessary to access these new offshore leases.
If passed into law, this legislation will mandate 37.5% revenue sharing of the federal lease revenues with California and potentially Santa Barbara County, creating thousands of high-paying jobs and reducing California’s growing dependence on foreign oil. These new revenue streams could help eliminate Santa Barbara County’s chronic budget deficits, provide a large new revenue source for increasing funding for local education and essential social services, and greatly improve the local economic base, while further reducing the chronic offshore natural oil and gas seepage pollution that has plagued our Central Coast beaches for thousands of years.
Event posted Aug. 29, 2012
Last updated Aug. 29, 2012