Commentary: Gusher of Reaction to Oil Report
From the Ventura County Star, in a commentary by Timm Herdt:
“But it is undeniably true that the release of a report from a U.S. government agency carries a lot of weight, even if it simply confirms what industry insiders have known well in advance.
“All of this brings us to a discussion of last week’s report that the U.S. Energy Information Administration is substantially downgrading its forecast of recoverable oil reserves in California’s Monterey Shale formation.”