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Articles: Drilling California (2)

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California’s Bubble Pops

Our new study by an experienced Canadian geologist, who has already examined the productivity of other shale oil formations in the US, concludes that the government and its contractor’s study is absurdly optimistic about the prospects for shale oil production in California.

"Wildly optimistic" Monterey Shale estimates

Industry insiders and politicians, citing several recent studies, are literally gushing with optimism over the prospect of a protracted period of economic prosperity. But those studies are now coming under scrutiny.

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