[dennisw]

ping

[musicman]

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[elkfersupper]

It's California. Might as well get over it.

There are crude oil bubbles the size of battleships that have been bubbling up off Long Beach since I was in grade school 50+ years ago.

One would think that somebody would just go harvest that, but NOOOOOOOOOOOOOO!

[DesertRhino]

LOL,,Shale oil? Along the California coast too. Gosh,, they’ll fast track that for SURE! It will easily be in production sometime in 2083!!

[JRandomFreeper]

Comments? You are the go-to freeper on petro issues.

Doesn't California still have natural oil seeps despoiling their beaches?

/johnny

[forgotten man]

What does Kim Kardashian say about this? Who cares what the geologists say. Matt Damon made a movie that says fracking is bad. Windmills and solar are all we need. Jerry Brown hates fossil fuel. End of discussion. /s

[concentric circles]

Looks like Occidental Petroleum has a head start over anyone else in making major extractions from this formation in their Kern County holdings in the vicinity of Bakersfield.

[Oatka]

I suspect that at some point, it will dawn on Sacramento that these deposits will bring in TONS of tax revenue that they can then pee away on every one of their pet schemes - and more. That’s when the Greenies will be thrown under the bus - tax revenue vs ideology.

[Thud]

People assume that oil in the Monterey Shale can be released by "fracking" as is done elsewhere, but my information is that the Monterey formations are sufficiently different that a cost-effective means of getting their oil out has not yet been found (or at least not reported). The Greenies don't care and want to ban everything including breathing of oxygen.

So don't hold your breath waiting for something to happen here. Pun intended.

[RetiredTexasVet]

Had to go back and see who wrote the article ... thought for a second that Slow Joe, but it was only some misguided fool living in fantasyland of Southern Californicate.

[WellyP]

The Green River Formation has an estimated shale oil recovery of 1.1 1.3 TRILLION barrels.

http://www.dailymarkets.com/economy/2012/05/12/200-year-supply-of-oil-in-green-river-formation/

“...Shouldn’t it be newsworthy that the U.S. has 1.5 trillion barrels of recoverable in the Green River Formation, an amount even greater than this estimate of 1.392 trillion barrels of proven oil reserves in the entire world?...”

[SierraWasp]

Positive Ping!!! The Black Gold(en) State!!!