Dream of U.S. energy independence was just revised away

The U.S. shale oil “miracle” took a major hit Wednesday, when the federal government announced a hefty downward revision of its estimate of the amount of recoverable oil in the No. 1 shale reserve in the U.S.: the Monterey formation in California.

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Otro de Zero Hedge http://www.zerohedge.com/news/2014-05-22/us-shale-oil-miracle-disappears

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