Black Gold Rush
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JANUARY 17, 2013
While Dakotans have been thriving up North, few states were hit harder by the national downturn than California. Last year, a State Budget Crisis Task Force headed by former Fed Chairman Paul Volcker estimated California’s long-term debt at a staggering $370 billion. Map of U.S. shale gas and shale oil plays as of May 9, 2011.
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