Adam Sieminski must be feeling the heat! By slashing the estimated amount of recoverable oil buried in California’s vast Monterey Shale deposits by 96 percent, from 13.7 billion barrels of recoverable ...

A California oil field thought to be one of the biggest in the U.S. has been producing much less oil than hoped, according to a report by Alliance Bernstein analyst Bob Brackett. The field, a ...