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Feds downgrade Monterey Shale oil reserves by 95.6 percent

Jayni Foley Hein, former director, Center for Law, Energy & the Environment | May 21, 2014

The U.S. Energy Information Administration (EIA) is reducing its previous estimate for technically recoverable oil in California’s Monterey Shale from 13.7 billion barrels of oil to just 600 million barrels of oi l— a dramatic 95.6 percent reduction. Has the oil industry been chasing rainbows in search of illusive “black gold” Monterey oil? For years, … Continue reading »

Visualize the energy economy with new energy-data mapping tools

Maximilian Auffhammer, professor, international sustainable development | April 28, 2014

We empirical economists get very excited about finding or generating new data sets. There are big returns to splicing together different data sources to answer new and interesting questions. This is hard work and not everyone is good at it. Many datasets are hidden deep inside government vaults and some are under lock and key. … Continue reading »