Oldster's View

Fight Against Maturity

“…up through the ground come a bubblein’ crude…”

More at Bloomberg.com

…The rising price of oil, which hit a record $142.99 a barrel today, has sent exploration companies scurrying to squeeze additional supplies from the fields underlying Los Angeles and its celebrity-rich neighbor [Beverly Hills].

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Large deposits of oil are under the Los Angeles Basin and California is already the fourth largest producer of oil in the US.

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June 30, 2008 - Posted by | petroleum | ,

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