• 4 minutes England Running Out of Water?
  • 7 minutes Trump to Make Allies Pay More to Host US Bases
  • 10 minutes U.S. Shale Output may Start Dropping Next Year
  • 14 minutes Washington Eyes Crackdown On OPEC
  • 10 hours The Political Debacle: Brexit delayed
  • 14 hours Trump sells out his base to please Wallstreet and Oil industry
  • 12 hours No Mercy: EU Fines Google $1.7 billion For Abusing Online Ads Market
  • 13 hours 3 Pipes: EPIC 900K, CACTUS II 670K, GREY OAKS 800K
  • 21 hours Tidal Power Closer to Commercialisation
  • 11 hours New Rebate For EVs in Canada
  • 22 hours Will Trump Cave Again
  • 23 hours Read: OPEC THREATENED TO KILL US SHALE
  • 22 hours Solar to Become World's Largest Power Source by 2050
  • 5 hours Trump Tariffs On China Working
  • 12 hours Biomass, Ethanol No Longer Green
  • 3 hours Boeing Faces Safety Questions After Second 737 Crash In Five Months
  • 1 day Oil stocks are heating up again! What's on your Watchlist?

Next Shale ‘Boom’ - Our Money’s on Russia

When the US Energy Information Administration (EIA) released its first-ever report that looked at shale oil and gas potential from a global perspective, the first question that came to nearly everyone’s mind was: Where will the next shale boom be?

It’s a tricky question that has more to do with technology and political will than it does with reserve volumes. It’s also a question that requires an understanding of the significant difference between technically and economically recoverable reserves.

Perhaps the bigger question is: Will there even be another shale revolution?

Before we answer that, let’s do a quick review of the global numbers put forth by the EIA and Advanced Resources International (ARI)…

For shale oil (technically recoverable):
•    Russia (75 billion barrels)
•    US (48 billion barrels)
•    China (32 billion barrels)
•    Argentina (27 billion barrels)
•    Libya (26 billion barrels)

For shale gas:
•    US (1,161 trillion cubic feet—ARI est.)
•    China (1,115 Tcf)
•    Argentina (802 Tcf)
•    Algeria (707 Tcf)
•    Canada (573 Tcf)
•    Mexico (545 Tcf)
•    Australia (437 Tcf)
•   …




Oilprice - The No. 1 Source for Oil & Energy News