California's Fracking Boom Just Got Busted

Mike Ludwig @ Truthout - Energy Information Administration officials told reporters on Wednesday that they are cutting their estimate of how much oil can be drawn out of California's massive Monterey Shale formation by a whopping 96 percent. 

The news deals a serious blow to the fracking industry and has environmentalists cheering as momentum builds behind a legislative effort to put a moratorium on fracking in California.  Read more.