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Oil hit $65 a barrel, its lowest price since 2021, earlier this week, which DeHaan attributed to a combination of economic uncertainty and reduced demand in China.
Governor Gavin Newsom said Thursday he will compel California oil refineries to stockpile additional fuel reserves in an effort to ward off price spikes, marking the latest move in his multi-year ...
"Recent California policies, like banning the sale of new internal combustion engine vehicles by 2035, the potential tax/penalty on refinery profits and the potential new minimum storage ...
“Harris missed a critical opportunity to lay out a stark contrast with Trump and show young voters that she will stand up to Big Oil and stop the climate crisis,'' said Stevie O’Hanlon, a spokesperson for the Sunrise Movement, one of the groups behind the Green New Deal. “Harris spent more time promoting fracking than laying out a bold ...
Crude Politics: The California Oil Market, 1900–1940 (U of California Press, 2005). Tompkins, Walker A. Little Giant of Signal Hill: An Adventure in American Enterprise (1964) * Welty, Earl M, and Frank J Taylor. The 76 bonanza: The fabulous life and times of the Union Oil Company of California (1966) 351pp
There is a permanent moratorium on new offshore oil and gas leasing in California waters and a deferral of leasing in Federal waters. [citation needed] California ranks third in the United States in petroleum refining capacity, behind Texas and Louisiana, and accounts for about 11% of total U.S. capacity, as of 2012. [84]
The cost of gasoline has gone up over the past 30 or so years, with only a few instances of it dropping in price. Currently, the national cost of regular gasoline is $3.47 on average, according to ...
It is also operates the Wilmington Oil Field in partnership with California, several smaller fields in Los Angeles County, and the Huntington Beach Oil Field in Orange County, California. As of December 31, 2021, the company had 480 million barrels of oil equivalent (2.9 × 10 9 GJ) of estimated proved reserves, of which 71% was petroleum , 20% ...