Los Angeles Business Journal

Monterey Shale: The Next Oil Boom?

Thursday, February 21, 2013

The federal government believes the Monterey Shale, which lies under more than 1,750 square miles of central and southern California, has far more shale oil than anywhere else in the lower 48 states — nearly four times the amount of the Bakken Shale in North Dakota. But, as CNBC reports, this is California. Extracting all that energy won't be easy.