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Oil Prices Surge on Firmer Demand, Reduced Supply

Oil Prices Surge on Firmer Demand, Reduced Supply

BY TOM OZIMEK   Following a shock selloff in U.S. oil futures last month that saw prices dive into negative territory, oil prices climbed more than 4 percent on Wednesday on signs of improving demand and a drawdown in U.S. crude inventories. Brent crude futures were up $1.38, or 3.98 percent, at $36.03 per barrel at 10:54 a.m. […]

Profit and Debt Pressures Spark Slowdown in Shale

Profit and Debt Pressures Spark Slowdown in Shale

    BY TOM OZIMEK Fracking insiders said that the dynamic growth of shale in recent years is suffering a slowdown as industry investors demand higher returns and lower debt. Shale producers such as Pioneer, Range Resources, EQT Corp, and Whiting Petroleum have reduced production targets and cut staff, aiming to meet investors’ bottom-line demands for more profit […]

‘GREEN’ California is More Reliant on Foreign Oil Than Ever Before

‘GREEN’ California is More Reliant on Foreign Oil Than Ever Before

 By MICHAEL BASTASCH | Contributor . California’s biggest source of crude oil imports is now Saudi Arabia with more than 98 million barrels in 2017. Environmentalists want Gov. Jerry Brown to stop issuing new oil and gas leases. However, that will only make California more reliant on foreign countries. There’s a growing call for California […]

Towards a Grand Bargain on California Water Policy

Towards a Grand Bargain on California Water Policy

. .… By Edward Ring When it comes to water policy in California, perhaps the people are more savvy than the special interests. Because the people, or more precisely, the voters, by huge majorities, have approved nine water bonds in the past 25 years, totaling $27.1 billion. It is likely they’re going to approve another […]

Harvey is hurting Texas’ refinery output, but storm’s full economic hit is too early to tell

Harvey is hurting Texas’ refinery output, but storm’s full economic hit is too early to tell

Days of torrential rains and flooding in southeast Texas have brought the country’s fourth-largest city to a standstill, but economists say it’s still too soon to tell how much of a toll Tropical Storm Harvey will take on the economies of the Gulf Coast and the nation. Even more rain has been forecast for the […]

Ventura’s Water Aplenty Can’t be Found

Ventura’s Water Aplenty Can’t be Found

Dear Concerned Ventura Residents, For the fourth time in eight months, details attached, the Ventura County Local Agency Formation Commission (LAFCO) REJECTED an application by the City of Ventura to expand its boundary. The application was for a new development known as Northbank, which is a project to allow for the construction of 193 residential […]

Energy Department Looks at Green Impact on Power Grid

Energy Department Looks at Green Impact on Power Grid

Energy Secretary Rick Perry said the upcoming Department of Energy study on power grid’s reliability is needed to address the facts after the Obama administration placed a premium on politics—but green energy is reportedly ready to push back. The study, set to be released in the coming weeks, will look at the effect of green […]

Council Action on Comprehensive Ventura Water Resources Report

Council Action on Comprehensive Ventura Water Resources Report

. By Daniel Cormode Mayor and Members of the City Council, Ventura Water is requesting approval of the 2017 Comprehensive Water Resources Report (CWRR) as a consent agenda item 7 by the City of San Buenaventura City Council at its next meeting on Monday, April 24, 2017.  Council is urged to defer approval of the CWRR […]

How does Los Angeles gets its water?

How does Los Angeles gets its water?

From hundreds of miles away, mostly. South Coast Air Quality Management District Los Angeles A thirsty city. More people live in the sunbaked cities of Los Angeles County than the local water supply can support. Millions more. What’s a parched metropolis that’s long ago outgrown its groundwater canteens to do? Steal what it needs from […]

WRD Board of Southern California Approves Landmark Master Plan To Expand Groundwater Supplies

WRD Board of Southern California Approves Landmark Master Plan To Expand Groundwater Supplies

Multi-agency effort identifies projects and strategies to increase use of recycled water and stormwater LAKEWOOD, Calif., Oct. 7, 2016 /PRNewswire-USNewswire/ — On Thursday, the Board of Directors of the Water Replenishment District of Southern California (WRD) took a monumental step toward enhancing future groundwater supplies for two of the nation’s most utilized urban groundwater basins […]

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