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'Fracking' the Monterey Shale -- boon or boondoggle?

2013-12-28 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

LA Times: "Eureka!" reads the California motto, originated in the 19th century Gold Rush. Now some believe the state is on the cusp of a 21st century bonanza, only this time it will be oil that fuels a Golden State boom. Modern prospectors are eyeing the Monterey Shale formation, a 1,750-square-mile resource-rich swath of land in the San Joaquin Valley. Lying deep beneath the valley's surface is a trove of shale oil -- some 15.42 billion barrels' worth, according to an estimate by the U.S. Energy Information...

Tags: monterey boon shale boondoggle

 

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...

Tags: or major resource oil

 
 

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...

Tags: report california economic myth

 

Monterey County could see driest year since 1949

2013-11-23 11:06:12| Agriculture - Topix.net

Javier Sanchez Garcia gives a row of freshly planted artichokes a drink of water from a tank mounted to his tractor before installing drip irrigation at Earthbound Farm in Carmel Valley on Friday.

Tags: year since county monterey

 

US: Glenoit Knitting Mill acquired by Monterey Mills

2013-10-24 16:15:00| Daily apparel & textile news and comment - from just-style.com

Glenoit Fabrics has been acquired by long-time competitor Monterey Mills, in a move the new owner hopes will create a textile industry powerhouse in North Carolina.

Tags: acquired mill mills knitting

 

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