Mon, Sep 1, 2014
A A A
Welcome kbr175@gmail.com
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 36706 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

September 2014
S M T W T F S
« Aug    
 123456
78910111213
14151617181920
21222324252627
282930