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Oil firm floundering amid depressed price environment
North American Oil & Gas Corp., a small-time oil and gas company based in Ventura, is barely staying afloat. Since the company’s formation in 2010, NAMG hasn’t produced any revenue and sold it’s only drilled well to a Colorado-based company for a 0.5 percent royalty of any commercial production. However, according to the company’s recent Read More →
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Refugio oil spill raises important questions for South Coast
The estimated 105,000-gallon oil spill that will ruin Memorial Day for thousands of visitors to Refugio State Beach in Santa Barbara County is a reminder of how much environmental issues have become economic stories. Santa Barbara County is so heavily dependent on hotel-related taxes that it literally can’t afford the kind of environmental disaster that Read More →
