Oil and Gas Prices
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Calif. Field Goes from Rush To Reflection of Global Limits
BAKERSFIELD, Calif. In May 1899, a pair of oil prospectors wielding picks and shovels dug into a bank of the Kern River where some gooey liquid had seeped to the surface. About 45 feet down, they hit oil, and when the local newspaper printed the news, it set off an oil rush that swept up hundred...
By Steven Mufson
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