That's the case Joel Kotkin lays out in a recent Forbes column ("Silicon Valley Can No Longer Save California -- Or The U.S.")
Joel writes,
"California boasts some of the nation’s richest deposits of oil and gas, not only on its sensitive and politically nettlesome coast but along the coastal plains and in the Central Valley. The most recent estimates of the state’s reserves, according to the Energy Information Agency, include nearly 3 billion cubic feet of natural gas and more than three billion barrels of oil, roughly the same as Alaska and more than booming North Dakota."
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