From the Los Angeles Times
A small city that used Los Angeles County tax dollars to buy a verdant stretch of the Whittier Hills to keep it out of the hands of oil companies now wants to profit from a plan to pump at least 1,000 barrels of crude a day on the same property.
And it has a formidable competitor eyeing a share of the royalties, which could range from $7 million to nearly $70 million a year.
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