Political Pulse

One of the biggest factors that influences commodity pricing boils down to one thing: geopolitics. RARE PETRO does its best to keep you informed of all political policies, interactions, disagreements, and major events both inside and out of the country.

California’s Battle Over Oil

California’s Battle Over Oil

California Senate Bill 467 set out to gradually phase out oil and gas extraction processes that account for most of the state’s petroleum industry but failed to muster the five necessary votes needed to advance in the state legislature. Key points on the bill were to ban enhanced oil recovery techniques, add a 2,500-foot setback clause, and encourage CalGEM to utilize displaced oil and gas workers for the abandonment of old oil and gas sites. But, California Governor Gavin Newsom took matters into his own hands after the bill did not move to the legislature. He has since tasked state agencies to move away from fossil fuels and combat climate change by halting the issuance of hydraulic fracturing permits by 2024 and planning to phase out oil and gas extraction two decades later.

read more

Categories

News Pulse Subscription

Categories

News Pulse Subscription

Send Us a Message

Rare Petro Logo

1224 Washington Ave,
Suite 10
Golden, CO 80401

(720) 772-7371

contactus@rarepetro.com

Rare Petro Logo

Subscribe!

Oil & Gas News Pulse

Newsletter

You have Successfully Subscribed!