Black gold in California

Via Business Insider:

Tapping California's vast shale reserves could create nearly 3 million jobs, a report from USC and the Communications Institute argues.

We've previously discussed the incredible potential of the Monterrey Shale, which stretches from Santa Barbara to San Francisco.

The play contains more than 15 billion barrels of oil, some two-thirds of the United States’ shale oil reserves.

Communications Institute Monterrey Shale - Business Insider