industrial machine during golden hour
Photo by Pixabay on

Fred Holmes watches with satisfaction as pumps pull oil from deep under his California farm, tapping a supply he thinks could last another century.

But he knows the state's ambitious environmental policies will put an end to the practice much sooner than that.

Oil extraction "could continue for another 100 years," he said. But it won't.

"Twelve to 14 years" for his company at the rate things are changing, he says.

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