Category Archives: Technology and Society

The Solution To California’s Fiscal Problems

The California Monterey fields have four times the reserves of Bakken:

Harold Hamm (billionaire owner of Continental oil) estimates the Bakken oil field will produce six times (24 billion barrels) the oil of the EIA estimate. Harold Hamm also believes that the San Joaquin Monterey California fields are the next big horizontal drilling play.

So much for “peak oil.” Of course, the problem is that we don’t yet seem to have reached peak stupidity in Sacramento (or among the California electorate).