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According to Wikipedia, California has 5-7 billion barrels of oil in untapped fields in their coastal waters. Some can be tapped using existing wells offshore
by jtlienwis 4y ago
According to Wikipedia, California has 5-7 billion barrels of oil in untapped fields in their coastal waters. Some can be tapped using existing wells offshore or onshore wells using directional drilling. This is 10x what is in a full US petroleum reserve. Maybe tapping these would go a long way to lowering prices?
- kwhat4 4y agoThat would make logical sense; instead we will tax oil company profits and disincentivize increasing refining capacity. It's pretty amazing our governor didn't care about this issue until it was an election year. Now all of a sudden he is sick and tired of this price gouging.