Most drivers in California have cheered the long run of low oil prices and the effect it has in driving down the price at the pump. But for Kern County the low prices are bad news for the county and the industry that thrives there. The low price has created what some call a ‘fiscal emergency’.
Kern County is routinely one of the top oil producing counties in the country, with an industry more than 100 years old.
But that production has made the county massively dependent on the industry and the global price of oil.