Spencer Platt/Getty Images The US has benefited from the shale revolution more than any other country. Not only does it have vast shale formations, most of its wells are located within its territory. That means producers don’t have to compete for jurisdiction or share their profits. Shale oil is enmeshed in shale rock, which is located thousands of feet beneath the Earth’s surface and is generally less permeable than other rock types—making deposits more difficult to access. Oil deposits found in shale rock formations are mainly extracted by way of hydraulic fracturing, also know as fracking.
Comment on One chart proves low oil can't stop the US shale oil surge
Feedburner, Business Insider
Thu, 06/22/2017 - 6:50pm
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more