After many years of discussion, offshore drilling in Malibu and California as a whole is on the cards again.
Many people are of course interested in the story as it would provide an economic boost to the area. Environmentalists are of course concerned about any potential plans implementation.
However legislators are against the idea, but the new Obama administrations energy policy has opened up the idea again. In the wake of last summer’s oil crisis and spike in gas prices, many in the nation called for the drilling moratorium to be rescinded in an effort to reduce America’s dependence on foreign energy sources. However Californians are generally split on the issue with 51% thinking local offshore drilling is a great idea, while many feel that the billions that would be invested would be better spent on alternative energy development and going green.
In Malibu the BHP Billiton Offshore Liquified Natural Gas terminal was opposed by Malibu Realtors and many local environmentalists.
This story will be watched closely by all those in Malibu.
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If you are interested in purchasing a property or selling a property in Malibu, Pacific Palisades or the surrounding Beverly Hills/southern California area then please contact Judy Kunisaki for professional real estate advice in the Westside Los Angeles area, on 310-317-8396 or via her online contact form on her website.
