EIA cuts Monterey Shale estimates on extractions

Jayni Foley Hein quoted in Bloomberg News, May 21, 2014

“This downgrade fundamentally changes the risk-reward calculation when it comes to unconventional oil development in our state. … Given that the industry’s promised economic benefits are not likely to materialize, the state should take a hard look at the impacts that oil development has on public health, safety and the environment.”