With N0bama’s war on coal and banning/severely limiting the drilling for oil and natural gas on federally owned lands, I have great doubts about the validity of this “new” estimate. It nicely shows “no oil here, go away.”
And California greenies will like it since it prevents “pollution” of their beaches and land.
Typical California energy mentality. Energy is created “somewhere else” and magically delivered to Californians in limitless quantities at no cost.
Typical California energy mentality. Energy is created “somewhere else” and magically delivered to Californians in limitless quantities at no cost.
A large part of the Monterey Shale is located on lands to which the BLM owns the mineral rights.
The enviros are mad not just because Obama open this to drilling, but also because of the way he did it.
He opened a smaller portion in 2011 and then in Dec 2012, after he won re-election in Nov, he opened a much larger area.
This is why many enviros think Obama is waiting until after the 2014 election to stab them in the back again and greenlight the Keystone pipeline