A Play on Shale Oil Production

A stunning report on Monday, June 10, from the U.S. Department of Energy: Global shale oil resources are 345 billion barrels. That's more than the 265 barrels of proven reserves in Saudi Arabia. At current consumption, the shale oil reserves equal 10 years of global demand. The same report put natural gas from shale formations at 22,882 trillion cubic feet. That was a 47% increase from the DoE's last estimate.

But the implications of these numbers for investors aren't exactly what they seem; the report estimates "technically recoverable" oil and natural gas. And most of the countries where this shale oil and shale natural gas are located -- Russia and China lead the pack -- don't have the infrastructure of horizontal drilling rigs, fracking aggregates, water supply, and pipelines (especially pipelines) that has made it so relatively easy to go from "technically recoverable" to actual production in the U.S. and Canada....417 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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