California becoming more dependent on...

California becoming more dependent on foreign oil

Posted in the Vallejo Forum

Anonymous

Vallejo, CA

#1 Mar 4, 2012
California becoming more dependent on foreign oil
http://www.sfgate.com/cgi-bin/article.cgi...

The Golden State last year relied on imports for almost 50 percent of its crude oil, according to preliminary figures from the California Energy Commission.

Never before has California, once the largest oil producer in the world, seen that level of dependence. As recently as 1997, half of all the oil used in California was pumped from the ground within the state's borders, or in federal waters just offshore.

Now, the state's oil fields produce 38 percent of the crude used in California refineries. Alaska supplies the rest of the domestic crude - just under 12 percent.

California now gets more oil from the Persian Gulf countries, mostly Saudi Arabia and Iraq, than from Alaska.

According to the Energy Commission, about 21 percent of California's oil supplies in 2010 passed through the Straits of Hormuz, the narrow and strategic shipping lane that Iran has now threatened to close.
Anonymous

Vallejo, CA

#2 Nov 16, 2012
There Is A Shale Oil Field Under Santa Barbara Four-Times Bigger Than The Bakken http://www.businessinsider.com/shale-oil-fiel...

According to the EIA, the Monterrey Formation, which covers an enormous chunk of Southern California and terminates near Santa Barbara, has 15.4 billion barrels of recoverable crude — four times as much as the Bakken formation in North Dakota.

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