Draped in flower-covered panels, the iconic derrick that towers over Beverly Hills High School has pumped crude for decades. Now, it waits to be dismantled, its demise mirroring the fate of oil drilling in California. As the Golden State tilts toward a low-carbon future, Los Angeles’ legacy drillers are being crowded out, leaving behind more recoverable crude than in all of Alaska. Yet this shift away from drilling hasn’t quelled California’s appetite for oil: While the state pumps less, it’s importing more. Last year, the state’s refineries processed the second-highest annual volume of crude since 2008 — with 57 percent of it coming from overseas. The trend runs counter to the story of the shale revolution, which has fueled record-high production and curbed U.S. reliance on foreign oil. “California has one of the highest concentrations […]