• 5 minutes THE GREAT OIL PRICE PREDICTION CHALLENGE OF 2018
  • 8 minutes So oil touched $80! (WTI break $71 twice). What does the future hold?
  • 14 minutes China Tariff Threatens U.S. LNG Boom
  • 12 hours Tesla’s Powerpack Battery in Australia Made up to $17 Million
  • 19 hours Realism Replaces Unlikely Bromance: Macron and Trump Aren't As Chummy As They Used To Be
  • 2 hours The Warning Lights: Full-Blown Trade War Would Cost Jobs, Growth And Stability
  • 7 hours Barrick to Buy Randgold
  • 19 hours Lucid Motors Partners With Electrify America For ‘Ultra-Fast’ Charging
  • 14 hours Saudi Aramco IPO Seems Unlikely
  • 18 hours Global Hunger Continues to Grow Driven By Climate Change
  • 14 hours The moves toward 'zero-manning' in oil & gas
  • 2 days Downloadable 3D Printed Gun Designs, Yay or Nay?
  • 1 day Will Robots Bring The Demise Of European Artistry?
  • 1 day Threat: Iran warns U.S, Israel to expect a 'devastating' revenge
  • 2 days 100% Renewables will Fuel the Growth of Poverty and Homelessness
  • 2 days Why Are the Maldives Still above Sea Level?
OPEC's No.4 Vows To Boost Spare Oil Capacity

OPEC's No.4 Vows To Boost Spare Oil Capacity

While OPEC decided not to…

California Governor Signs Anti-Offshore Drilling Law

Jerry Brown

California Governor Jerry Brown signed into law this weekend a bill that aims to make drilling for oil and gas off the state’s coast unprofitable. CBS reports that the bill, introduced by Senator Hannah Beth Jackson, sought to deter oil and gas drillers by banning infrastructure necessary for offshore drilling, including docks, pipelines, and other onshore installations.

The state cannot ban drilling in federal waters, but it can make it more difficult and expensive in line with a policy drive in the state to shift away from fossil fuels.

However, data from the California Energy Commission recently cited by the Daily Caller, revealed that California has not become less reliant on crude oil despite the shift towards renewable energy. In fact, it seems the state refines as much oil today as it did back in 1982, but with one marked difference: 30 years ago, most of the oil California refineries processed came from local fields. Now, more than half comes from abroad—56.66 percent—versus 31 percent local Californian oil in 2017.

What’s more, the biggest foreign source of crude oil for California is Saudi Arabia, accounting for 29 percent of imports, or 98.13 million barrels. Second from the top is Ecuador, accounting for 20 percent of the state’s crude oil imports, and third is Colombia, with 14.16 percent of the total, per the state’s Energy Commission.

California has been praised for its efforts in advancing the climate change fight agenda, but it has so far proven unable to reduce its greenhouse emissions from transportation. Since 2012, the state’s emissions from transportation have been growing, at an annual rate of 1.5 percent, Los Angeles Times’ Severin Borenstein wrote in a recent story about California’s green efforts.

The state government’s climate change plans emphasize reducing oil drilling and processing. Yet as historical data shows this will hardly be enough to reduce oil consumption.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment
  • Sarah on September 10 2018 said:
    Unsightly offshore installations will cure California.
  • nuffalready on September 10 2018 said:
    Obstructing oil production is considered a virtue in the wealthy movie star studded town of Santa Barbara. Hanna Beth is playing up to her well heeled audience. Problem is, her leftist constituency is narrowing. Soon the fed up working folks in the county will kick her (and Gov Moonbeam) out of office. None too soon for sure.

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News