Estimates of Recoverable Oil in California's Monterey Shale Slashed 96%

DeSmogBlog
By Mike GMay 21, 2014, 7:14 pm41 pts
Last year, a post here on DeSmog asked: “Could California's Shale Oil Boom Be Just a Mirage?” For now, the answer appears to be a resounding yes. According to the LA Times, the US Energy Information Administration (EIA) is set to announce next month that it is officially downgrading its estimate of the oil…

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