Sure much of the shore stuff MAY have been recovered and sold. But, not only crude, but natty gas by the trillions of bbls bubbles out of the sea floor on a constant basis. Not usually seen by the average land lubber.

Let alone, the average greenie or politician.

On a second note, California is not the world.

Google, Heritage Oil. Major discovery.

Dead, Dead, Dead.

Get it thru your head. Peak oil is dead.

Earth First!

We'll drill the other planets later.

Sure much of the shore stuff MAY have been recovered and sold. But, not only crude, but natty gas by the trillions of bbls bubbles out of the sea floor on a constant basis. Not usually seen by the average land lubber.

Let alone, the average greenie or politician.

On a second note, California is not the world.

Google, Heritage Oil. Major discovery.

Dead, Dead, Dead.

Get it thru your head. Peak oil is dead.

Earth First!

We'll drill the other planets later.

Over the past 15 years, they've been largely replaced by residential real estate as that market has, apparently, become much more valuable than oil production. I guess it's not surprising given the premium location, but were those fields still productive? Or did they lose production before they started to transition to real estate.

If they were still productive, and in light of depressed housing prices in California, I wonder at what oil-per-barrel-price the transition from oil production to real estate becomes a poorly made choice. As you've pointed out, oil won't stay at $50/barrel previously. If it rides at $200 again, and if there was still oil to be extracted there in Huntington beach, I wonder if they will lament that they got rid of the fields in the first place.

(though I have no idea who profited from the oil… the city? state?)

Over the past 15 years, they've been largely replaced by residential real estate as that market has, apparently, become much more valuable than oil production. I guess it's not surprising given the premium location, but were those fields still productive? Or did they lose production before they started to transition to real estate.

If they were still productive, and in light of depressed housing prices in California, I wonder at what oil-per-barrel-price the transition from oil production to real estate becomes a poorly made choice. As you've pointed out, oil won't stay at $50/barrel previously. If it rides at $200 again, and if there was still oil to be extracted there in Huntington beach, I wonder if they will lament that they got rid of the fields in the first place.

(though I have no idea who profited from the oil… the city? state?)

Over the past 15 years, they've been largely replaced by residential real estate as that market has, apparently, become much more valuable than oil production. I guess it's not surprising given the premium location, but were those fields still productive? Or did they lose production before they started to transition to real estate.

If they were still productive, and in light of depressed housing prices in California, I wonder at what oil-per-barrel-price the transition from oil production to real estate becomes a poorly made choice. As you've pointed out, oil won't stay at $50/barrel previously. If it rides at $200 again, and if there was still oil to be extracted there in Huntington beach, I wonder if they will lament that they got rid of the fields in the first place.

(though I have no idea who profited from the oil… the city? state?)