It's not 'all's well' with Ojai oil boom

Feb. 28, 2013

Kimberly Rivers, OVN correspondent

The Ojai Valley stands above an ancient, deep, dense, rock formation that holds a lot of oil. Heard of Saudi Arabia and how it has a lot of oil? Well, according to the U.S. Energy Information Administration, the Monterey Shale, from 7,000 to 15,000 feet below ground holds about 15.4 billion barrels of recoverable oil, or about equal to what Saudi Arabia puts out over 10 years. Put another way, the Bakkan

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