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Is California's Monterey Shale a major oil resource or over-hyped?

2013-12-06 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

EnergyWire: In the fight over hydraulic fracturing in California, opponents of the drilling process frequently argue that restrictions are needed because of the potential for a massive oil boom in the state. There could be rapid expansion, they warn, if oil companies find a way to extract petroleum trapped in the state's Monterey Shale formation. Now a report says that the hype over the Monterey Shale may be overblown. An analysis funded by the Post Carbon Institute (PCI) and Physicians, Scientists...

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