Ojai Valley News: CA shale oil 3/5ths of Prudhoe Bay

In the Ojai Valley News, friend Marianne Ratliffe digs deep into the story of how fracking is coming to Ventura County in particular and the state of California in general, and uncovers a world of new information on the latest. Terrific story. 

Here's the punchline, I think: 

California is the fourth-largest oil-producing state in the nation and is on the verge of a shale oil boom. The U.S. Energy Information Administration reported last year that the Monterey Shale formation in California could hold as much as 15 billion barrels of oil

Holy cow. That's three-fifths of the oil of the Prudhoe Bay reserve, estimated at 25 billion barrels, the largest oil field in the U.S., which has brought previously unheard of wealth to Alaska. 

Add yours ↓

Comments are closed.