December 8, 2011
Peak Oil: Prospectors see today’s crude prices of more than $100 a barrel not as a spike, but a long-term trend that’s making exploration of deeper reserves cost competitive.
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It took 15 million years, but South County oil deposits are starting to flow with the fast ones. At a September auction for federal mineral rights, paddle-wielding bidders drove the price for a 2,343-acre parcel ...