Effects of Lower Oil Prices on Economy January 13, 2015

In our Overview of the Governor's Budget, we note that lower oil prices should help the economy in the near term.

California Oil Production Has Stabilized in Recent Years December 8, 2014

California ranks behind Texas and North Dakota in oil output, excluding offshore production on federal lands. Over 70 percent of statewide oil production is in Kern County. Oil prices fluctuate widely, and changes in prices can be connected with changes in production activity.