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Oil shale economics deals with the economic feasibility of oil shale extraction and processing.Although usually oil shale economics is understood as shale oil extraction economics, the wider approach evaluates usage of oil shale as a whole, including for the oil-shale-fired power generation and production of by-products during retorting or shale oil upgrading processes.
The breakeven price for North American shale oil was US$68 a barrel in 2015, making it one of the most expensive to produce. By 2019, the "average Brent breakeven price for tight oil was about US$46 per barrel. The breakeven price of oil from Saudi Arabia and other Middle Eastern countries was US$42, in comparison. [141]
Oil shale is an organic-rich fine-grained sedimentary rock containing kerogen (a solid mixture of organic chemical compounds) from which liquid hydrocarbons can be produced. In addition to kerogen, general composition of oil shales constitutes inorganic substance and bitumens.
US shale producers would lose market share if Trump's policies slash gas prices, Bob McNally said. "You cannot have $1.50 pump prices and a thriving shale oil sector. Period." A deep recession ...
The energy renaissance currently under way in the United States has garnered plenty of headlines in the past year, and rightfully so. Horizontal drilling has unlocked billions of barrels of shale ...
Even with oil prices surging toward $75 a barrel, U.S. shale producers are keeping their pledges to hold the line on spending and keep output flat, a departure from previous boom cycles. This year ...
Crude oil export revenue by country (annually) A world map of countries by oil exportation, 2022 This is a list of oil-producing countries by oil exports based on data for 2022 by CEIC.
To no one's surprise, shale oil production has absolutely exploded. Industry experts have long discussed this opportunity, but it seems even they didn't recognize just how big this whole shale oil ...