TV News LIES

Tuesday, Oct 17th

Last update05:20:13 AM GMT

You are here News Environment Are We Trading Our Health For Oil in New, Fracking-Induced California Gold Rush?

Are We Trading Our Health For Oil in New, Fracking-Induced California Gold Rush?

E-mail Print PDF

FrackingBeneath the farms, orchards and vineyards of Central and Southern California lies a prehistoric soup worth a fortune. The mineral-rich Monterey and Santos shale formations stretching 1,750 square miles across the San Joaquin Valley and the Los Angeles Basin hold a watery mixture of oil and gas – but it’s the oil that may trigger another gold rush. That is, if companies can figure out a profitable way to tap it.

The U.S. Energy Information Administration reported that the contiguous 48 states hold an estimated 23.9 billion barrels of recoverable oil, of which an astounding 15 billion barrels are in the Monterey/Santos formations. California has been plumbed for oil extraction and production for 150 years, but getting to the Monterey’s mother lode is no easy task.

“Producing Monterey Shale oil could make panning for gold look easy,” wrote David Brown in the American Association of Petroleum Geologists’ publication The Explorer. The formation is fractured and faulted. But that’s not all. The shale is, on average, almost 1,900 feet thick and 11,200 feet deep. This makes accessing the oil tricky, and conventional methods won’t suffice.

More...


Most Recent Related Stories...


California wildfire death toll rises to 35, earthquake hits Mendocino County

California fire deaths reach 35At least 35 people have been killed and hundreds more remain missing as multiple wildfires continue...

Hospital, homes, resort evacuated amid scorching California fires in wine country

California forest fires Wind-whipped fires sweeping across California's wine country Monday burned homes and forced evacuation of communities, a hospital and...

New airplane biofuels plan would 'destroy rainforests', warn campaigners

Airplane biofuels destroying rain forests A new plan to accelerate production of biofuels for passenger planes has drawn stinging criticism from...

EPA chief says administration to roll back climate plan

Scott Pruitt rolls back EPA planThe Trump administration will abandon the Obama-era clean power plan aimed at reducing global warming, EPA...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!