Commodity Trade Mantra
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Posts Tagged ‘Shale Deposits’

The US Shale Oil Miracle Disappears

The EIA has placed a hefty downward revision on its estimate of the amount of recoverable oil in the #1 shale reserve in the US, the Monterey in California. EIA now estimates these reserves to be 96% lower than it previously claimed. Only 4% of the original estimate is now thought to be technically-recoverable at today’s prices.

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