SMALL CHANGE: Owners of Orange County’s remaining...
- Share via
SMALL CHANGE: Owners of Orange County’s remaining oil wells--the people who should benefit most from a Mideast oil shortage--are expecting no windfall (D5). . . . Since June, the price of Huntington Beach crude has climbed 65% to $16.50 a barrel, but that’s still low compared to the industry’s benchmark, West Texas Intermediate. . . . Local crude is just that--relatively heavy and low-grade--and some producers are planning to close down their wells.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
