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58% of shale execs said they would increase spending, and 34% said they would increase investment. Firms are feeling optimistic that Trump will boost the industry, even as oil prices have sagged.
The Scottish oil-shale industry expanded immediately before World War I partly because of limited access to conventional petroleum resources and the mass production of automobiles and trucks, which accompanied an increase in gasoline consumption; but mostly because the British Admiralty required a reliable fuel source for their fleet as war in ...
American shale firms are already pumping historic amounts of oil. And there’s a supply glut in the global market. And there’s a supply glut in the global market.
Texas produces more oil and natural gas than any other U.S. state, and its operators, unlike those in North Dakota or Alaska, are not accustomed to dealing with frigid temperatures. Numerous ...
The oil shale industry is an industry of mining and processing of oil shale—a fine-grained sedimentary rock, containing significant amounts of kerogen (a solid mixture of organic chemical compounds), from which liquid hydrocarbons can be manufactured.
[6] [57] In 1915 an oil shale industry was established in Switzerland. [9] [33] About 1920, a small mall shale oil extraction plant was opened at Kinnekulle, Sweden. [58] In 1922, a small shale oil extraction plant was opened in Puertollano, Spain. [58] The year 1916 is considered the beginning of the Estonian oil shale industry.
While shale oil output from the Permian basin in Texas and New Mexico, the largest U.S. oilfield, has surged 3.6% to average 6.1 million barrels per day (bpd) so far this year, much of that oil is ...
The Green River oil shales have been the focus of most efforts of the past hundred years to establish an American oil shale industry. The Green River oil “shale” is actually a marl, and some beds yield up to 70 gallons of oil per short ton of shale. Estimated in-place resources are capable of generating 4.2 trillion barrels of oil.