Oil Industry

SB 4 passed the legislature over strong objections from the oil and business community. California will go from having no well stimulation (includes acidizing) regulation set in statute to the nation's toughest, so why are environmentalists unhappy?

September 13, 2013 - Los Angeles Times - Business

Sacramento reporter John Myers suggests that if the oil industry and the Sierra Club both oppose a fracking bill - one for going too far; the other for not going far enough - then state Senator Fran Pavley's bill, "must be doing something right".

September 2, 2013 - News 10/KXTV Sacramento

Mexico, the world's 9th largest oil producer and first to nationalize its oil production, has seen steep production declines as the state-owned oil company lacks capital resources and expertise. Constitutional reforms would entice private investment.

August 20, 2013 - The New York Times - Global Business

For all his intentions to help the poorest in his country, Hugo Chávez's handling of the golden goose - Venezuela's massive oil wealth, was badly mishandled during his reign. Output decreased, debt increased, and he left behind a polarized society.

March 11, 2013 - The Wall Street Journal

A 50-acre section of the Los Angeles suburb of Carson is contaminated with methane gas and benzene. Owners of the 285 homes in the area are left with few options.

April 28, 2010 - Los Angeles Times

For political, technological, and even demographic as well as economic reasons, don't expect American oil consumption to increase over 2007 levels. $3 gas is here to stay, and the days of the petrol-gulping SUVs and guzzlers may be numbered.

September 8, 2009 - Barrons