I hope this is true. The sooner we can disengage from fossil fuels and move toward renewables, the better. For our environment and for our health. It is certain to happen, the only question is when. This ridiculously slanted piece is from the Guardian. I don’t agree with its tone (it reads like propaganda, not news) but I hope that the data being shared is accurate.
EIA (US Energy Information Administration) officials told the Los Angeles Times that previous estimates of recoverable oil in the Monterey shale reserves in California of about 15.4 billion barrels were vastly overstated. The revised estimate, they said, will slash this amount by 96% to a puny 600 million barrels of oil.