Economics
California Oil Dreams Fade as Iconic Beverly Hills Derrick Comes Down
- Beverly Hills High School dismantles decades-old oil wells
- State’s dependence on foreign oil grows amid U.S. shale boom
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Draped in flower-covered panels, the iconic derrick that towers over Beverly Hills High School has pumped crude for decades. Now, it waits to be dismantled, its demise mirroring the fate of oil drilling in California.
As the Golden State tilts toward a low-carbon future, Los Angeles’ legacy drillers are being crowded out, leaving behind more recoverable crude than in all of Alaska.