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Guardian: Next month, the US Energy Information Administration (EIA) will publish a new estimate of US shale deposits set to deal a death-blow to industry hype about a new golden era of US energy independence by fracking unconventional oil and gas.
EIA officials told the Los Angeles Times that previous estimates of recoverable oil in the Monterey shale reserves in California of about 15.4 billion barrels were vastly overstated. The revised estimate, they said, will slash this amount by 96% to a puny 600......
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Write-down of two-thirds US shale oil explodes fracking myth
Posted by Washington Post: Juliet Eilperin on May 22nd, 2014
Posted in Water Conservation