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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


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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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