The Oil Boom Comes to Beverly Hills

This is news to me. There are oil wells in Beverly Hills!

“In the Middle East you might have 300 barrels of oil per cubic acre, but in the Los Angeles Basin you might have 4,000 barrels per cubic acre,” says Mike Edwards, vice president of Denver-based Venoco Inc., which has 24 active wells in the Beverly Hills area, including one alongside Beverly Hills High School. “In terms of the land that produces oil, the basin is very rich.”

Come to think of it, I really doubt there’s much oil in Appalachia.

Posted by on June 30th, 2008 at 1:10 pm

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