SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Big Dog's Boom Boom Room
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bearcatbob who wrote (184028)5/23/2014 6:59:22 PM
From: JimisJim   of 206159
 
<My first thought is that this takes the pressure off of California to approve all the fracking needed to develop the resource>

That's a funny statement considering oilpatch insiders have been whispering for a couple of years that the Monterey Shale isn't what it was cracked up to be. Good indications of this are the fact that many oil companies have been poking and prodding it for several years and have found very little to be really excited about.

As with all of the shale fields so far, everyone is different and no doubt eventually the key to unlocking the Monterey will be found and estimated recoverable reserves will be adjusted once again. I am confident that if the oil is there, it will be produced sooner or later even if it requires different technology and/or techniques than what we are now familiar with in the Bakken or Permian Basin, etc.

However, I do agree with you that anyone would be crazy to believe any numbers coming from the EIA.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News