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Breitbart | April 06, 2014 | by Wayne Winegarden
The fracking revolution promises even more benefits to California. For example, it is estimated that the Monterey Shale could yield 15.4 billion barrels of oil. For perspective, the Bakken shale, which has transformed North Dakota’s economy and made North Dakota the second largest oil producing state in the nation, is only one-half the size of the Monterey Shale. Profitably extracting the oil from the Monterey Shale will require advances in fracking technology that are progressing, but which will cease to advance without a stable political environment supporting the technology.
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