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Monterey Shale Report Exposes Myth of Economic Prosperity From Fracking California

2013-12-04 21:55:00| Climate Ark Climate Change & Global Warming Newsfeed

EcoWatch: Post Carbon Institute and Physicians, Scientists & Engineers for Healthy Energy released a groundbreaking report on yesterday using industry data that presents compelling evidence that the promise of a Monterey Shale boom is a myth. Authored by geoscientist J. David Hughes, the report, Drilling California: A Reality Check on the Monterey Shale, is the first analysis of oil production data taken directly from the Monterey Shale Formation and questions whether previous studies modeled on assumptions...

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