California Could Be Next Oil Boom State

on January 14, 2013 at 11:45 AM


California is sitting on a massive amount of shale oil and could become the next oil boom state. But only if the industry can get the stuff out of the ground without upsetting the state’s powerful environmental lobby. Running from Los Angeles to San Francisco, California’s Monterey Shale is thought to contain more oil than North Dakota’s Bakken and Texas’s Eagle Ford — both scenes of an oil boom that’s created thousands of jobs and boosted U.S. oil production to the highest rate in over a decade.