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» Serving Ventura County & California » Need for Natural Gas
California's Need for Natural Gas
Rising Prices, Limited Supply, Increased Demand
Today, Ventura County and California are at the end of the natural gas supply network. So just a couple years after the last energy crisis, California faces another looming crisis. Currently, only 15% of our natural gas needs are produced in California, and demand for natural gas is rising - because it's still heavily used by power plants, electricity generation and household needs like heating and cooking. At the same time, our traditional out-of-state supplies are becoming more limited as other Western states use more of it for their own needs.
A Safe, Environmentally Sound Approach to Clean Energy for Ventura County & California
Clearwater Port is a progressive alternative to the looming natural gas crisis facing California – one that combines the efficient, environmentally sound approach of using existing infrastructure and state-of-the-art technology.
Our safe, environmentally sound approach is straightforward: Transform an existing off-shore oil-drilling terminal – 12.6 miles off-shore – into a state-of-the-art natural gas receiving terminal for receiving the affordable, clean-burning natural gas that Ventura County and California desperately need. It preserves California's coastal experience and the ocean horizon - instead of building another structure off the coast. And since Clearwater Port will not have on-site storage, the construction timeline is even shorter, enabling us to begin supplying Ventura County and California sooner than other proposals. In all, Clearwater Port will safely provide reliable access to enough natural gas to help reduce pressure for high prices and spur the shift to cleaner natural gas alternative vehicles and to the renewable energy technologies of the future.
The Facts: Natural Gas Crisis Hurts California Consumers & Businesses
- According to a recently published study, ten years from now the average California household will pay an estimated 22% more annually for heating, cooking, and electricity than it does now if runaway natural gas prices continue. That would cost California residents and businesses $30.4 billion in economic activity and a loss of 163,000 jobs.
- In 2005 alone, Californians spent about $16.6 billion to purchase natural gas. With just a 5% reduction in the price of natural gas, Californians would save $1 billion.
California produces just 15% of the natural gas it consumes.
The remainder is imported from other states.
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Alan Greenspan on Global Trade in Natural Gas
"The United States needs to expand the global trade in natural gas as way to prevent future sharp price increases from harming its economy… Access to world natural gas supplies will require a major expansion of LNG terminal import capacity." – Alan Greenspan, Former Chairman, U.S. Federal Reserve Board
» April 27, 2004,
Center for Strategic and International Studies
We Need Gas in California
"…we need gas in California, and we'll take it by land or by sea. And that means we'll take LNG." - James D. Boyd, Commissioner, California Energy Commission.
A Price-Competitive
Source of Energy
"LNG is a price-competitive source of energy that could help meet future economic needs in the United States."
» California Energy Commission
A Call for Speedy Development of Alternative Energy
"Rising energy prices are pushing up inflation and increasingly threatening the U.S. economy, former Federal Reserve Chairman Alan Greenspan testified Wednesday. He called for speedily developing alternative energy sources such as liquefied natural gas." – Knight Ridder News Service, 6/8/06
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