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Intro Econ 4: Scarcity & Pistachios

Planet Money Summer School

CHAPTER

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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