Wed, May 27, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Oil, Price Watch more

Oil prices: The triple-digit barrel

Posted on 14 June 2013

Scratch the surface of the planet and the chances that hydrocarbons will spew forth appear to grow by the day. This week America’s Energy Information Administration (EIA) released new estimates of the amount of gas in the world’s shale beds. It reckons that there are 7,299 trillion cubic feet, 10% more than its 2011 estimate.
The EIA’s estimates for shale oil, not included in the 2011 numbers, are a staggering 345 billion barrels, adding a tenth to the world’s total oil resources………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 40662 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
May 2015
S M T W T F S
« Apr    
 12
3456789
10111213141516
17181920212223
24252627282930
31