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U.S. drilling boom leaves some homeowners in a big hole

2013-12-12 07:44:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: When Gary Gless bought his sleek, modernist house in Los Angeles in 2002, he thought he had hit a "gold mine." The world's largest inner-city park - featuring a lush, 18-hole golf course - was about to get built across the street. Gless's balcony was set to overlook the clubhouse and first tee. Today, instead of golf carts and fairways, Gless looks out on to drilling wells and oil pads. The park plan was ditched, and Freeport-McMoRan Oil & Gas LLC now operates 700 wells there - and 400 more are...

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