shale en Fracking: a small town deals with big oil <p><span style="line-height: 1.5;">Hydraulic fracturing, commonly known as </span>“fracking<span style="line-height: 1.5;">,” could be a revenue bonanza for California. The nation’s largest reserve of deep-rock oil is in our state’s Monterey shale, stretching under the Central Valley and Central Coast to Los Angeles. In fact, it’s nearly two-thirds of the entire country’s deep rock deposits, containing 15 billion barrels of oil.&nbsp; That could translate into hundreds of thousands of jobs and almost $25 billion in tax revenues by 2020.</span></p><p> Wed, 17 Jul 2013 00:22:35 +0000 Daphne Matziaraki 30218 at Fracking: a small town deals with big oil