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Commodities Briefing - Categorized | Market Moves, Oil more

Investing in a global shale boom

Posted on 19 September 2013

A report by information company IHS reported that a shale awakening could be on the horizon in the next decade, as more countries will have the technological means to develop tight oil from shale formations.
The study identifies shale hotspots such as the Vaca Muerta of Argentina, the Silurian Shale fields of North Africa, and the Bazhenov Shale of Siberia as ones that could surpass oil production from the Bakken of North Dakota and the Eagle Ford of Texas. Together, these areas hold 175 billion barrels of recoverable oil versus the 43 billion barrels in North America………………………………………..Full Article: Source


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