Drilling for Oil in Downtown L.A.

Record prices are prompting oil prospectors to renew interest in drilling in Los Angeles, where urban sprawl, environmental opponents and decades of production make for one of the world's toughest oil fields."We're more active than ever," says Tim Marquez, CEO and founder of Venoco, which is running wells and reviving old ones in the city and elsewhere in California. "That increase in oil prices has caused expansion of exploration and production throughout the country and especially in... Full Story