Chevron Corp. has announced plans to build a resort on the site of what was, almost a quarter century ago, one of California’s largest oil spills and cleanups. The planned project, in the small community of Avila Beach south of … Continue reading
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The Los Angeles County Board of Supervisors voted on Oct. 29 to oppose the plan by the City of Whittier and Matrix Oil Co. to drill on publicly owned parkland in the Whittier Hills. The unanimous vote followed a lengthy … Continue reading
Los Angeles-based Occidental Petroleum Corporation (NYSE: OXY) has announced plans to sell a minority interest in its operations in the Middle East and North Africa, as well as some domestic properties. The sales “are the first formal steps in our … Continue reading
The United States is moving into the position of the world’s No. 1 producer of oil and natural gas, ahead of Russia, according to the Wall Street Journal. The U.S. is currently producing the equivalent of about 22 million barrels … Continue reading
The following column by Dennis Luna, which explains the economic and environmental benefits of hydraulic fracturing, was published in the September 16th issue of the San Fernando Valley Business Journal. Don’t Cap The Fracking Gusher By Dennis R. Luna Political leaders, … Continue reading
The Assembly Appropriations Committee voted 12-5 Friday, August 30, to approve Senate Bill 4 (Fran Pavley, D-Agoura Hills), clearing the way for the full Assembly to vote on regulations for hydraulic fracturing (“fracking”), acidizing and other oilfield practices. SB 4 would require … Continue reading