31 May '14, 10pm

The Peak Oil Crisis: The Monterrey Shale Debacle

Was it honest mistakes perhaps combined with over-optimism that lead to the extremely unrealistic estimate of the amount of oil that can be recovered from the Monterrey Shale? Or did a group of individuals get together in some dimly lit room and develop an elaborate plot to crank up investment and buy-in to the “American shale oil boom” fantasy? Based on the vast array of over-hyped pro-shale-oil investment articles that we’ve been bombarded with, my guess is that the Monterey LIE was a well-planned and executed attempt to bolster the fantasy of American energy independence, in fact it was probably THE center piece. The fact that the Monterey Shale Fantasy has collapsed into a pile of dust around our feet means that the rest of the illusion will soon follow. When there are no more illusions remaining and Americans wake up one morning to the stark and brutal reality of our ...

Full article: http://peakoil.com/geology/the-peak-oil-crisis-the-monter...

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