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Real and Nominal Oil Prices, 1980-2008. The various attempts to develop oil shale deposits have succeeded only when the cost of shale-oil production in a given region comes in below the price of crude oil or its other substitutes (break-even price).
The cost of shale oil production in Fushun is US$18.46 per barrel (1,500 yuan per tonne), of which the mining costs 0.184, transportation 4.25, and retorting 13.84. [3] [4] Fushun shale oil is sold as fuel oil, while part of the surplus retort gas with low heating value is used in an internal combustion engine for producing steam and power. [13]
The dominant question for shale oil production is under what conditions shale oil is economically viable. According to the United States Department of Energy, the capital costs of a 100,000 barrels per day (16,000 m 3 /d) ex-situ processing complex are $3–10 billion. [76]
While new technologies such as fracking and horizontal drilling are largely responsible for the boom in U.S. oil and gas production, the costs associated with these so-called "technological ...
Over the past few years, the U.S. has seen a veritable renaissance in oil production. Sustained high oil prices since 2008 and radical improvements in drilling technology have allowed energy ...
(Reuters) -Rising costs and shortages of labor and materials have plagued U.S. shale oil production all year, and in the waning days of 2022, more energy executives are saying those may even ...
Production of oil shale in millions of metric tons, from 1880 to 2010. ... a price of $50 per tonne of emitted CO 2 adds additional $7.50 cost per barrel of shale oil
Trump probably can't lower oil prices and boost crude production as much as he wants. ... a senior shale research analyst at Rystad Energy, wrote in a note last year. "For now, 'Shale 4.0 ...