The Monterey shale oil formation could hold two-thirds of all US shale oil deposits, says a USC study.
Monterey, it’s been fun knowing you as you exist today. While lip service will be paid to being extra special careful to the environment, the reality is greed-crazed drillers will soon be charging in like feral pigs in heat, fracking the hell out of everything that moves.
North Dakota is experiencing a humongous oil shale boom. Bring your own RV to sleep in unless you want to pay $2,000 a month for a dump of an apartment. Whee. Monterey has 4 times the deposits of North Dakota. Yes, zillions of jobs will be created, and that’s definitely a good thing. But I’m guessing the aftermath will be an environmental disaster that no one could have predicted.