Massive shale oil reserves could give California one of the biggest oil booms on Earth, but the uber-powerful California green lobby is gearing up for the fight of its life.
The stakes of the battle could be huge, reports the New York Times. Hundreds of thousands of high-paying jobs for Californians, versus environmental concerns about fracking, pipelines, and greenhouse gasses.
The Monterey Shale formation, stretching 1,750 square miles from southern to central California, constitutes two-thirds of the country’s total estimated shale oil reserves. That’s an estimated 15.4 billion barrels, or four times as much as the Bakken Shale reserves in North Dakota, whose exploitation can now be seen from space.