[spokeshave]

Running from Los Angeles to San Francisco, California's Monterey Shale is thought to contain more oil than North Dakota's Bakken and Texas's Eagle Ford -- both scenes of an oil boom that's created thousands of jobs and boosted U.S. oil production to the highest rate in over a decade.

In fact, the Monterey is thought to hold over 400 billion barrels of oil, according to the U.S. Geological Survey. That's nearly half the conventional oil in all of Saudi Arabia.

And don't forget the Green River Formation that weighs in at 3 Trillion barrels, with 1 Trillion recoverable with todays technology

Note: 1 Trillion barrels is about equivalent to the entire worlds known oil reserves.

[thackney]

BTW. Saudi Arabia Ghawar (largest oil field) is starting Enhanced Oil Recovery methods to keep their flow rates up. They are also leaving the era of cheap oil.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aTxNvtaH8JF8