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

    Interior Lacks Enforcement and Accountability for Unethical Behavior and Criminal Conduct

    Today, the Subcommittee on Oversight and Investigations held an oversight hearing on the lack of enforcement and accountably from the Obama Administration in response to a growing number of reports of...... Read more

    Bishop and Westerman Praise Senator Roberts’ Wildfire Legislation

    Yesterday, U.S. Senator Pat Roberts (R-KS), Chairman of the U.S. Senate Committee on Agriculture, Nutrition and Forestry, introduced S. 3085, the Emergency Wildfire and Forest Management Act of 2016. ...... Read more

    BLM Fracing: Courts Provide a Much Needed Check on the Obama Administration’s Overwhelming Regulatory Overreach

    Yesterday, a federal judge struck down the Bureau of Land Management’s (BLM) hydraulic fracturing rule the Department of the Interior (DOI) issued in March 2015. The judge stated that DOI does not hav...... Read more

    View All News

    Calendar

    Legislative Hearing on the "Innovation in Offshore Leasing Act"
    Subcommittee on Energy and Mineral Resources | 1324 Longworth House Office Building Washington D.C. 20515
    View All Events