Fracking in California’s Monterey Shale will recover 96 percent less oil than thought “A blow to the nation’s oil future” as federal officials slash previous estimates

Monterey Shale will yield only 4% of what was estimated

The “drill baby drill” fools were and are energy illiterate. I knew years ago from theoildrum that Monterey shale was messed up from earthquakes, so they can’t use shale extraction techniques that they use in North Dakota.

The promise of fracking in California’s large Monterey Shale deposits was intoxicating: 13.7 billion barrels of oil, as estimated by the U.S. Energy Information Administration, were recoverable with existing technology, enough to bring 2.8 million new jobs to the state and boost tax revenue by $24.6 billion per year.

But the independent firm hired to evaluate the shale back in 2011 made the very incorrect assumption that the Monterey deposits would be as easy to tap as those in North Dakota and Texas — and that turns out not to be the case. A new, revised estimate slashes that promise by 96 percent, putting the amount of recoverable oil at only 600 million barrels.

The L.A. Times, which first reported the news, calls it “a blow to the nation’s oil future” — the Monterey shale contains about two-thirds of the nation’s shale oil reserves:

2/3 of the countries shale reserves — GONE! Somebody tell Sean Hannitard.

Oil is the master resource. People believe in Peak Oil back in 2008 when oil went to 147 a barrel, then went back to sleep, dreaming of Saudi America.

The crash is still on, people.

Alice Friedemann makes the case for a fast crash here, in a podcast show with James Howard Kunstler.

Make sure you have a Kelly Kettle, so you can heat water and cook, using only paper, cardboard, and/or twigs.

Our electricity went out yesterday and I tried out my Kelly Kettle. That thing works like a champ! You can boil water for coffee or tea AND cook at the same time, adn all the fuel you need is paper or twigs, which are in abundance.

In a fast crash, the survivors inherit the earth. I remember hearing in a podcast, I think the C-Realm Podcast, John Michael Greer, the Archdruid, complaining that he was at a peak oil/transition town type conference and people were hoping for a fast crash and a mass die-off.

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A mind weapon riding along with Four Horsemen of the Apocalypse.https://en.gravatar.com/profiles/edit/#
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11 Responses to Fracking in California’s Monterey Shale will recover 96 percent less oil than thought “A blow to the nation’s oil future” as federal officials slash previous estimates

  1. X says:

    K.E.L.L.Y. K.E.T.T.L.E.

    • mindweapon says:

      It’s so cool when the Kelly Kettle starts burning good and the air draught going through it sounds like a rocket flying across the sky. Rocket stoves are friggin’ cool as shit, along with sun ovens. Though rocket stoves work under any conditions.

      I have a non-electric water distiller too, so I can put that on top of the Kelly Kettle and distill river water, after filtering it and boiling it once already, of course. I would boil it in the jacket of the Kettle, then put it on the distiller to really make sure I killed the cholera and amoebas that rip out your guts.

      http://www.amazon.com/Waterwise-WW1600-Non-Electric-Water-Distiller/dp/B005XO5FQ2

      In a doom scenario, people are going to be dropping like flies from drinking bad water. Bet on it. They will get lazy and start guzzling surface water from rivers. Yechh!

    • scott says:

      also good to find clean springs in your area if possible
      http://www.findaspring.com/

  2. countenance says:

    The facts are what they are.

    But is it any wonder why we’re losing?

    We’re communicating the message to the outside world and the general public that ours is a cause that necessarily requires collapse and destruction to win.

    • mindweapon says:

      Sure, because they have set up a System where we pay our enemies to tyrannize us. But our enemies have set up an unsustainable system, thank Heavens!

  3. New England Millennial says:

    Prepare for inflation. Petrodollar taking a huge hit today. China + Russia sign a $400 billion nat. gas. deal. Perhaps now is time to buy silver?

    http://rt.com/business/160068-china-russia-gas-deal/

    Also if this shale-fail is true, it looks like America won’t be shipping containers of LNG to Europe. Russia can cut deals again with Europe after this. Remember at the start of this Ukraine crisis, Angela Merkel was saying things like “Putin is crazy. He lives in another world” What happened? The German industrial elites chastised her because their auto-factories run on Russian gas, and increase in gas price –> increase in German car price which isn’t good for the unstable Eurozone economic-system. That’s why they sent ex-Chancellor Schroeder to soothe tensions. We also have Marine Le Pen saying she’s pro-Russia and of course the Dugin/Golden Dawn connection. If I recall correctly I think Nigel Farage is pro-Putin.

    Meanwhile the Murkan occupation forces are acting foolish and bufoonish in Latvia. Will the Latvians turn on US?
    http://www.dailystormer.com/latvian-mayor-on-nato-troops-drunk-they-urinated-in-public-right-on-shop-windows-vomited-drank-in-public-which-is-not-allowed-they-picked-flowers-from-flowerbeds-and-gave-them-to-prost/

    The plot thickens…

    • mindweapon says:

      The German industrial elites chastised her because their auto-factories run on Russian gas, and increase in gas price –> increase in German car price which isn’t good for the unstable Eurozone economic-system. That’s why they sent ex-Chancellor Schroeder to soothe tension

      Fascinating! I saw that! Schroeder and Putin are BFF’s going way back.

  4. Reblogged this on saboteur365 and commented:
    Saudi America? Happy Oil Days are Here Again? Energy Independence?

    Dream on. Mindweapon posts a nice piece with strong evidence that shale oil reserves have been overestimated. MW also shows you the first step you need to take to be ready when the SHTF.

    • What gets me is the amount of gas/oil this country wastes. Instead of putting the onus on dubious shale oil deposits, we should rebuild our railroads, invest in speed trains and have our products brought in by them. Truckers would still have jobs, but they would drive locally instead of across state lines. Neighborhood schools that children should walk to would eliminate the bus and car traffic.

      Most people who work in an office are sitting in front of a computer with a phone line. There is no reason why most of those jobs can’t be done from the home via telecommunications. We already have the infrastructure in place.

      I am being conservative when I say that we could conserve at least fifty percent of our oil/gas usage and our commuting costs, too. Not to mention the pollution it would cut.

      Common sense stuff, people.

      • mindweapon says:

        Oh absolutely, Clytemnestra!

        The plutocrats want to still enjoy the vast profits of incessant driving — the oil, the cars, the products associated with cars, and so on, but they don’t want to pay us what we would need to afford all the driving.

        You need to earn an after tax, after health insurance income of 700 per week to be able to afford a private automobile.

        http://money.msn.com/car-buying/article.aspx?post=772486eb-18a7-4835-a36d-294a55c28d31

        f you own your car outright, you might not think it costs you that much to own it, but AAA’s 2013 Your Driving Costs study shows that costs range from nearly $7,000 to more than $11,000 for the average American, depending on the kind of car driven.

        So low end 140 a week. USAA says “keep your car costs 20% or less of your income”

        https://www.usaa.com/inet/pages/auto_advice_and_research_ABTest_how_much_car_can_you_afford

        Keep your total vehicle expenses less than 20% of your net household income. This is not just your monthly vehicle payment, but also all related costs such as gas, maintenance, etc. For example, if you and your spouse bring home $5,000 per month, you should be spending less than $1,000 a month on your cars.

        They are squeezing us at both ends — making us pay for private autos, but cutting our pay so we can ill afford to do so. The transportation system is going to have to be reformed one way or another — ride sharing, and the public screaming for more mass transit.

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