Commentary: ‘Fracking’ the Monterey Shale — Boon or Boondoggle?
From the Los Angeles Times, in a commentary by Alex Prud’homme:
“Modern prospectors are eyeing the Monterey Shale formation, a 1,750-square-mile resource-rich swath of land in the San Joaquin Valley. Lying deep beneath the valley’s surface is a trove of shale oil — some 15.42 billion barrels’ worth, according to an estimate by the U.S. Energy Information Administration.”