By Tara Lohan, BillMoyers.com
There was a time, just a few years ago, that most news reports deemed a shale oil boom inevitable in California. But now, it’s not looking like such a sure thing after all.
By Kurt Cobb, Resource Insights
Most climate activists believe that talking about limitations on fossil fuel supplies hurts their argument for swift, decisive action on climate change. Nothing could be further from the truth.
By Energy Crunch staff, New Economics Foundation
Hopes of a shale bonanza to replace dwindling conventional resources took a battering this week.
By Tom Whipple, Falls Church News Press
The great Monterey Shale oil myth got its start back in July 2011 when the EIA stapled a cover on a contractor-produced “study” that it paid for entitled Review of Emerging Resources: U.S. Shale Gas and Oil Plays.
By Kurt Cobb, Resource Insights
It turns out that the oil industry has been pulling our collective leg. The pending 96 percent reduction in estimated deep shale oil resources in California calls into question the premise of a decades-long revival in U.S. oil production and predictions of American energy independence.
By Richard Heinberg, Post Carbon Institute
On May 21 the Los Angeles Times reported that “Federal energy authorities have slashed by 96% the estimated amount of recoverable oil buried in California’s vast Monterey Shale deposits...”
By EcoWatch staff, Earthworks
Oil companies are increasing California’s earthquake risk by injecting billions of gallons of oil and gas wastewater a year into hundreds of disposal wells near active faults around Los Angeles, Bakersfield and other major cities, according to a new report from Earthworks, the Center for Biological Diversity and Clean Water Action.