API opposes BLM decision to shelve Calif. energy lease sales

05/9/2013 | ABC News

The American Petroleum Institute criticized the Bureau of Land Management's decision to delay until October energy lease sales in California, saying such a move will stifle economic growth. Staffing and budget issues prompted the decision, according to the BLM. "We now know that California holds a vast amount of oil and natural gas resources, especially in the Monterey Shale located in the central part of the state," said John Felmy, API's chief economist.

View Full Article in:

ABC News

Published in Brief: