California is in dire fiscal straits, but tapping its Saudi Arabia-scale oil resources could...

|By:, SA News Editor

California is in dire fiscal straits, but tapping its Saudi Arabia-scale oil resources could wipe out the state's debt and deficits, Mark Mills writes. The Monterey shale field alone may hold 15.4B barrels of oil, rivaling America's total conventional reserves, and the overall economic benefits of opening up Monterey could reach $1T.