From Bloomberg Surveillance (podcast): OPEC Matters Less for U.S. Jan Stuart, head of energy research at Credit Suisse Securities in London, says the U.S. is decreasing its dependence on foreign oil at a rate that is “extraordinarily fast.” Running Time: 12:30 But, global demand (China, India) for OPEC is increasing and with Saudi Arabia remaining the …
Continue reading “U.S. demand for OPEC decreasing “extraordinarily fast””
From Bloomberg Surveillance (podcast): OPEC Matters Less for U.S. Jan Stuart, head of energy research at Credit Suisse Securities in London, says the U.S. is decreasing its dependence on foreign oil at a rate that is “extraordinarily fast.” Running Time: 12:30 But, global demand (China, India) for OPEC is increasing and with Saudi Arabia remaining the …
Continue reading “U.S. demand for OPEC decreasing "extraordinarily fast"”
“March 11, 1919 put Orange County in the black in more ways than one. On that day Fullerton area citrus grower Charles C. Chapman watched as his gusher came in. Thousands of gallons of crude oil flew into the sky at Chapman No. 1, his Placentia-Ritchfield District well leased to the Union Oil Co. This …
Continue reading “Huntington Beach’s Oil Rush from 1919 to 2010”
“March 11, 1919 put Orange County in the black in more ways than one. On that day Fullerton area citrus grower Charles C. Chapman watched as his gusher came in. Thousands of gallons of crude oil flew into the sky at Chapman No. 1, his Placentia-Ritchfield District well leased to the Union Oil Co. This …
Continue reading “Huntington Beach's Oil Rush from 1919 to 2010”
US oil consumption has remained steady since 2000 when it was 19.7 million barrels of oil/day. In recent years a slight dip has occurred maybe due to the recession or due to structural changes (improved car MPG), and is now at 19.2.
Down the street on Magnolia, just a few blocks form the beach, is the ASCON Landfill Site. This 38-acre parcel of land is a toxic waste dump containing waste from construction and oil drilling. It is considered a California Superfund site, meaning that it is one of the most toxic in the state. According to …
Continue reading “Our local toxic waste dump…in Huntington Beach”