Free Republic 2nd Quarter Fundraising Target: $85,000 Receipts & Pledges to-date: $19,571
23%  
Woo hoo!! And the first 23% is in!! Thank you all very much!!

Keyword: montery

Brevity: Headers | « Text »
  • Vast Oil Reserve May Now Be Within Reach, and Battle Heats Up

    02/04/2013 6:22:08 AM PST · by thackney · 22 replies
    New York Times ^ | Feb 3, 2013 | NORIMITSU ONISHI
    ...For decades, oilmen have been unable to extricate the Monterey Shale’s crude because of its complex geological formation, which makes extraction quite expensive. But as the oil industry’s technological advances succeed in unlocking oil from increasingly difficult locations, there is heady talk that California could be in store for a new oil boom. Established companies are expanding into the Monterey Shale, while newcomers are opening offices in Bakersfield, the capital of California’s oil industry, about 40 miles east of here. With oil prices remaining high, landmen are buying up leases on federal land, sometimes bidding more than a thousand dollars...