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Is California the end of a big oil era?

It is the end of an era for Big Oil in California, as the most populous U.S. state divorces itself from fossil fuels in its fight against climate change. California's oil output a century ago amounted to it being the fourth-largest crude producer in the U.S., and spawned hundreds of oil drillers, including some of the largest still in existence.

How does big oil feel when he feels insecure?

"When he feels insecure, he starts to rail, he starts to rant, he starts to flail his arms and he starts to get upset," Haley said in a recent "Meet the Press" interview. It is the end of an era for Big Oil in California, as the most populous U.S. state divorces itself from fossil fuels in its fight against climate change.

How much will Chevron's Oil writedown cost?

The No.1 U.S. oil producer's asset writedown will cost about $2.5 billion and officially end five decades of oil production off the coast of Southern California. Chevron will also take charges of about $2.5 billion tied to its California assets.

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