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Plains Exploration & Production Company
Budget deal's oil-drilling component draws mixed reviews
Budget deal's oil-drilling component draws mixed reviews

It would be hard to find a lovelier spot to draw lines in the sand than East Beach on the day after Gov. Arnold Schwarzenegger opened the door to new offshore oil drilling for the first time in 40 years. Sunshine glinted off bright blue water. Beach volleyball players, tan and sand-covered, leapt and charged. Boats bobbed. On the distant horizon, oil platforms carved soft silhouettes. "Why take a chance" on new drilling along the picturesque coastline, Brett Ettinger, a 50-year-old architect, asked as he squished his toes in the warm sand Tuesday afternoon and watched his daughter compete in the California Beach Volleyball Assn. tournament. Allowing a Texas oil company to sink...

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