California Dreaming? Could The Monterey Be Road To Oil Future?

“I think there is lots of opportunity. It is whether or not the economics can line up with the technology to get it out of the ground.” <em>– oil executive in Bakersfield</em> Between federal numbers crunchers, and a university and think tank-based report that surfaced earlier this year, California’s venerable Monterey Shale is stirring renewed dreams of California gold – black gold in the form of heavy crude.