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Oil prices are skyrocketing, but this is why companies won't rush to drill in California [Yahoo! Finance]

Phillips 66  (PSX) 
Last phillips 66 earnings: 5/1 07:00 am Check Earnings Report
PDF Oil rigs just south of Taft, Calif., bring up crude oil for Chevron at sunrise on July 22, 2008. (David McNew / Getty Images) If you are an oil producer with wells in [Read more]