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CNNMoney: California Shale Oil Boom Possible

Via moneynews.com » Submitted On Tue, 01/15/2013 - 9:33pm by David Sincere

The Golden State may become the oil state. Sitting on top a massive amount of shale oil, California could become the next oil boom state, CNNMoney reports. California's Monterey Shale, which runs from Los Angeles to San Francisco, may hold over 400 billion barrels of oil, almost half the conventional oil of Saudi Arabia, according to the U.S.

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