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Oil town hopes for a boom in jobs from California’s Monterey Shale

LA Times: The small oil town of Taft was built on petroleum -- and is now hoping for a second boom from the Monterey Shale. In a story on Sunday's front page, The Times wrote about the shale that runs miles underground through Southern and Central California. Oil companies are already drilling exploratory wells. Oil trapped in deep rock deposits in the Monterey is estimated at 15 million barrels. That's four times the amount of oil in North Dakota's Bakken Shale, which has fueled a boom that's driven...