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Shale estimates cement shift from oil to gas: Kemp

Posted on 12 June 2013

The shale revolution is likely to have a far bigger effect on the global gas market than on oil supplies, entrenching the long-term price advantage of gas, according to new data from the Energy Information Administration (EIA).
Shale will extend recoverable oil resources by only 11 percent but boost recoverable gas resources by 47 percent, according to the agency’s report on “Technically recoverable shale oil and gas resources: an assessment of 137 shale formations in 41 countries outside the United States”………………………………………..Full Article: Source


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