The Price Of Green Madness: California’s Oil Collapse
Date: 22/02/18
Forbes
The collapse of the oil industry in California, once our second-most-important producing state, is a very sad thing to see. The U.S. shale revolution has completely passed the state by.
Although domestic crude oil production has reached heights not seen since the early-1970s, and will actually be setting new records this year, California’s oil output has plummeted nearly 60% since peaking in 1985 — with no sign of reversing. In stark contrast, mighty Texas has seen its crude production triple since 2010 alone to 3.6 million b/d.
The facts remain: While California positions itself a leader in “clean energy,†that hardly means that the state doesn’t use oil, still easily our most vital fuel. In fact, California uses a ton of oil. For every vehicle that California has that runs on electricity, it has 115 that run on oil. Here are the overwhelming oil demand numbers in California that the state’s politicians ignore:
https://www.thegwpf.com/the-price-of-green-madness-californias-oil-collapse/
