Monterey County

5:22pm

Tue July 16, 2013
Health, Science, Environment

Fracking: a small town deals with big oil

Pennsylvania farmer sees fracking's effects on farms.
Under CC license from Flickr user Public Herald

Hydraulic fracturing, commonly known as “fracking,” 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.  That could translate into hundreds of thousands of jobs and almost $25 billion in tax revenues by 2020.

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