Crude oil is a critical source of energy to California and the nation as a whole and will remain so for decades to come. The economic and security benefits of domestic crude oil production are significant, but not well understood. For California, the jobs and total tax revenues generated by in state crude oil production are substantial and can be increased. In contrast, imported crude oil pays no taxes and creates few jobs, but California is dependent on imports for more than 60% of its crude oil supply.
Maximizing the mix of viable renewable and alternative energy sources is important to California’s energy future, but the reality is that crude oil will remain the main supply of liquid transportation fuels for some time to come. In this presentation we will present a compelling picture drawing on historical information, government forecasts and the science and physics of energy.
David L. Slater is currently the Executive Vice-President for Signal Hill Petroleum, Inc., a California based independent oil and gas production company. Mr. Slater joined Signal Hill Petroleum in 1998 and is responsible for the company’s day to day operations as well as strategic planning and acquisitions. He has over 30 years of oil industry experience which include serving as the Regional Director of New Business Development – Western United States for Texaco, Asset Manager for coastal California for Santa Fe Energy Resources and Regional Drilling Manager for the western United States for Santa Fe Energy Company. Mr. Slater has a B.S. in Mechanical Engineering from Cal Poly Pomona and has pursued graduate studies in Petroleum Engineering at the University of Southern California. Mr. Slater has been a Registered Petroleum Engineer in California since 1989.