In many ways, the oil business in the U.S. has never been better, with domestic producers in a growing number of states churning out barrels of crude in record numbers.
But California’s output is going in the opposite direction — part of a larger, steady decline that began in the mid-1980s.
For all of its green energy credentials, California has long been one of the country’s biggest oil-producing states. In recent years, the Golden State has consistently finished third, trailing only longtime champ Texas and energy up-and-comer North Dakota.
But monthly figures from the U.S. Energy Information Administration showed New Mexico’s output in March jumping into the No. 3 position while California slipped to No. 6.View Article