Inside Aera
Fast Facts Jul 16, 2019

The numbers add up: California counts on oil and gas

Source: Western States Petroleum Association 

  • Oil fuels the future 80% by 2050 – Ninety-two percent of all transportation fuel in California is based on crude oil. The U.S. Energy Information Administration predicts that in 2050 fossil fuels will continue to provide almost 80% of the nation’s energy while renewables will provide about 13%.
  • We have a huge energy deficit California imports more than 70% of its oil – To meet its energy needs, California uses all of the oil it produces and chooses to import over 70% more, mostly from foreign countries that don’t apply California’s safety, labor, human rights and environmental standards. California also imports over 90% of its natural gas and 32% of its electricity.
  • Oil drives California 58 million gallons every day – California consumes 48 million gallons of gasoline and 10 million gallons of diesel every day.
  • The common denominator 36% of current energy demand is met by oil in the U.S. – Ninety-four percent of U.S. transportation fuels come from oil. One percent of U.S. electricity generation is fueled by oil. Over 36% of current U.S. energy demand is met by oil.
  • Local oil production builds careers and communities 368,000 careers – The oil and natural gas industry supports nearly 368,000 well-paying careers and provides billions in state and local tax revenues for schools, transportation projects and community programs throughout California.

DID YOU KNOW? Aera Energy is a three-time recipient of the Forbes America’s Midsize Employer List, placing ninth in the 2022 ranking and securing its spot in the top ten midsize companies to work for in the United States.

Aera Energy