Is California running out of oil?

california oilIn 1905, oil was being pumped in central Los Angeles. Today, these oil rigs are gone but it is estimated that between 1.4 – 5.6 billion barrels of oil could be pumped from 10 fields in the Los Angeles Basin. In spite of abundant in-place resources and famously high local demand for refined petroleum products, recovery efficiency remains low and basin wide pro­duction continues to fall.So why is oil not being pumped? Read about the challenges which need to be faced in Remaining recoverable petroleum in ten giant oil fields of the Los Angeles Basin, Southern California. 

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