
Originally Posted by
Toolmaker51
Clearly I'm not old enough to recall that 30's era; but I certainly remember the 'forests' of oil rigs strewn about. One in particular, along Pacific Coast Highway a bit past Seal and Huntington Beach areas seemed to go for miles.
There surely is still oil down there; but real estate development is more long term revenues; and easier to escalate prices.
So now, most families can't afford to buy a home, and all are dependent on foreign whims for petroleum...
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