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...