Struggling Taft is pumped again about drilling

There are no gleaming towers. Empty storefronts line its downtown streets. One of its two car dealerships recently folded, and a church recently went into foreclosure. To make more money, the city wants to move its eastern border 17 miles and annex an auto raceway under construction beside Interstate 5.

"We have to go out there to collect some revenue," said Bud Rice, a Taft official who works on economic development. "Without that, we're basically stuck."

The decades have not been kind to Taft. Hemmed in by oil fields, the town has little room to grow. Residents shop for deals half an hour away in bustling Bakersfield. Oil workers surge into town from Bakersfield each morning and surge right out again at night.

Thousands of pumps dot the desert around Taft, and many more are coming. With rocketing oil prices, companies have unplugged old wells that were once deemed too costly to operate. Development of new wells has set a pace nearly twice last year's. Chevron alone has tripled its investment in the area since 2004, budgeting more than $900 million this year to find and pump the oil left behind by previous booms.

"Folks are making big money around the oil patch," said Les Clark, a spokesman for the Independent Oil Producers Agency, an association of smaller oil businesses in Kern County. Mom-and-pop companies are reviving wells they had shut down because the electricity to pump out the oil cost more than the oil was worth, he said.

In recent years, the oil business has been very good to people like Bruce Holmes. On a century-old oil field in nearby Maricopa, he is moved to grand oratory when contemplating the bad rap oil gets, particularly in communities along the coast.

"Environmentalists live their lives in helium-filled balloons balanced on the backs of the taxpayers," he says. "The oilman, the bootlegger, the pornographer: People utilize the services we provide, then curse us for providing them."

Standing beside a well he sank on what was once his grandfather's homestead, he said he'd had his share of financial ups and downs. At 67, he's up: He scraped together $250,000 to drill five years ago, when oil went for $25 a barrel or less.

Now it fetches roughly five times that, bringing Holmes $3,000 a day -- enough, he said with an earnest deadpan, "to put beer on the table and keep my Roxy in dog biscuits."