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California's shale formation 4 times Bakken's size

Posted By -NO AUTHOR- On 11/21/2012 @ 11:03 pm In Money | No Comments

(OilPrice) Perhaps one of the more overlooked aspects of the International Energy Agency’s (IEA) recent World Energy Outlook 2012 and its detailed analysis of the US hydrocarbon potential, is the dilemma facing California.

California has committed to renewable energy, and aims to get a third of its electricity from renewable sources by 2020; and it is this ‘green’ stance which could now threaten the development of a giant shale oil field.

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