Shale oil exploration has rapidly expanded since the beginning of the 21st century, particularly in North America. Since 2010, the production of marine shale oil has increased at an average rate of more than 25% annually, making the US the global leader in production with total recoverable resources pegged at approximately 20.7 billion tons. Developing shale oil resources has significant potential to shape energy security and geopolitics. In addition to marine shale oil, countries have also begun utilizing lacustrine basins for oil production.
Click here for original story, New study suggests lacustrine shale reserves can bolster China’s energy independence
Source: Phys.org