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California policymakers are considering state ownership of one or more oil refineries, one item on a list of options presented by the California Energy Commission to ensure steady gas supplies as ...
Legislators and Gov. Newsom did not heed warnings that adding new mandates on oil companies would drive them out of the state. One already has. The California Democrats’ oil strategy is a big bust.
California is regulating this industry, said Borenstein, with “a few lawyers, a few economists and a few industry specialists. That is not taking seriously a $50 billion-a-year industry in ...
The early California oil industry has served as a setting for several notable fictional novels and films: Oil! (1927), a novel of social criticism by Upton Sinclair, is set against the background of the California oil industry and is loosely based on the career of Edward Doheny and events related to the Teapot Dome scandal.
Metric regions commonly use the tonne of oil equivalent (toe), or more often million toe (Mtoe). Since this is a measurement of mass, any conversion to barrels of oil equivalent depends on the density of the oil in question, as well as the energy content. Typically 1 tonne of oil has a volume of 1.08 to 1.19 cubic metres (6.8 to 7.5 bbl).
In the oil industry, mud weight is the density of the drilling fluid and is normally measured in pounds per gallon (lb/gal) (ppg) or pound cubic feet (pcf) . [1] In the field it is measured using a mud scale or mud balance. Mud can weigh up to 22 or 23 ppg. A gallon of water typically weighs 8.33 pounds (or 7.48 ppg).
The nonprofit California Council on Science and Technology estimates that of more than 100,000 active and idle oil wells in the state, some 5,540 are orphaned. Cleaning them up could cost the ...
October 14, 2024 at 7:15 PM ... The cheapest way to lower gas prices is to allow oil companies to increase crude oil production in California and rely less on supply from overseas, Reheis-Boyd ...
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