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Story summary
- Patrick McDonald, CEO of Carbon Energy Corporation, says California oil production faces regulatory challenges from Senate Bill 1137 and Assembly Bill 1167 that restrict drilling and raise costs, limiting production; he also operates some of the state's oldest wells in Ojai.
- Ventura County is more supportive of oil operations, enabling a transparent permitting process.
- He says easing regulations could attract investment and raise production, reducing California's reliance on foreign oil.
