
Intro Econ 4: Scarcity & Pistachios
Planet Money Summer School
00:00
How to Stay in a Frenzied Race
Steve Arthur runs one of the biggest drilling companies in Fresno. Wells around here used to be about 200 feet deep. But these days Steve is drilling wells that are as much as 2,000 feet deep. This company has started buying equipment off of oil drilling companies like fracking companies.
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