Guys, Fracking California’s Monterey Shale, in the San Joaquin Valley, is looking like a second Gold Rush.
Now keep in mind, it’s its early days. I know there is a lot of oil that could be extracted, but I think we can all agree operating in California is complicated by the regulatory environment, by the geology, by public acceptance, by population density in some places. California is a varied landscape and we must have a regulatory system that’s adaptable to those conditions, and an industry that recognizes that while it’s perfectly safe, reasonable and straightforward to operate in some regions, it might be difficult in others.
I think we all need to have a conversation in California to find a pathway forward for the betterment of the state.