Sunday, October 7, 2012

Fracking of Central Coast Shale Could Fuel Economic Boom

Finally, a positive story on fracking in CA!

Domestic energy industry insiders say the region sits atop a vast supply of Monterey shale which has huge economic potential through hydraulic fracturing or "fracking".

"Underneath the Central Coast which some people estimate could contain as much as 15 billion barrels of oil", says Dave Quast with energy industry advocacy group Energy In Depth, "so there is potential for more development even more then what we have, we're the fourth largest energy producing state."

Quast says there are popular misconceptions that hydraulic fracturing is a threat to public health and the environment.

KCOY Santa Maria, Santa Barbara, San Luis Obispo - News

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