Home > blog > Page
California could be next oil boom state
Posted by @spencerpederson on January 14, 2013
Great CNN Money article today on the potential for an energy boom in California that would create jobs, boost the economy and bring much needed revenue to the state.

"California is sitting on a massive amount of shale oil and could become the next oil boom state…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…In fact, the Monterey is thought to hold over 400 billion barrels of oil, according to IHS Cambridge Energy Research Associates. That's nearly half the conventional oil in all of Saudi Arabia. The United States consumes about 19 million barrels of oil a day."

Read the Full Article

    Post a Comment
    Fill out the fields below to submit a comment

    Latest News

    Bishop: Interior’s Response to Management Failure at Effigy Mounds is Unacceptable

    After correspondence and two staff briefings with the Department of the Interior (DOI) and the National Park Service (NPS) on the decades of systemic mismanagement of natural and cultural resources at...... Read more

    Bishop: Obama Administration’s Final Species Petition Regulations Demonstrate Need for ESA Reform

    Today, the U.S. Fish and Wildlife Service and National Oceanic and Atmospheric Administration announced final revisions to regulations governing the petition process under the Endangered Species Act (...... Read more

    Bishop: Native Hawaiian Rule is Unconstitutional

    Today, the U.S. Department of the Interior issued the final rule to create a Native Hawaiian government. The rule, which is highly disputed and raises difficult constitutional issues, includes new adm...... Read more

    View All News

    Calendar

    Field Hearing on Tribal Prosperity and Self-Determination through Energy Development
    Committee on Natural Resources | 490 Old Santa Fe Trail, Santa Fe, NM 87501
    View All Events