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.