The estimated recoverable oil from California’s Monterey Shale deposits were just slashed by 96%. However, that’s not necessarily bad news for investors in Occidental Petroleum, Chevron, or Freeport-McMoRan.
The estimated recoverable oil from California’s Monterey Shale deposits were just slashed by 96%. However, that’s not necessarily bad news for investors in Occidental Petroleum, Chevron, or Freeport-McMoRan.