SMALL CHANGE: Owners of Orange County’s remaining...
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.
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