How Dependent Is California on Alaskan Oil?

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Pipeline corrosion has shut down Prudhoe Bay, America's biggest oil field, which provides some 30%of the oil refined in the Western states.  BP can't estimate when it will finish repairs to the Alaska pipeline. Severin Borenstein, who directs the Energy Institute at UC Berkeley, assesses how the closure will impact the price of gasoline in California.


Severin Borenstein - UC Berkeley Haas School of Business - @borensteins

Warren Olney

Frances Anderton