Category Archives: Business

Rocket Men

As part of the continuing on-line rollout of this month’s special Reason issue on space, Katherine Mangu-Ward writes about the people working to get the rest of us into space. There will be a lot of familiar names to readers of this site. I think that my lead article is due to be posted tomorrow. But if you can’t wait, I think it’s still on the stands. Or you might want to subscribe — it’s just a little over a buck a month.

The Solution To California’s Fiscal Problems

The California Monterey fields have four times the reserves of Bakken:

Harold Hamm (billionaire owner of Continental oil) estimates the Bakken oil field will produce six times (24 billion barrels) the oil of the EIA estimate. Harold Hamm also believes that the San Joaquin Monterey California fields are the next big horizontal drilling play.

So much for “peak oil.” Of course, the problem is that we don’t yet seem to have reached peak stupidity in Sacramento (or among the California electorate).