Predicted Shale Oil Impacts on Global Markets

A projected eight million barrels of liquid natural gas and oil were added from tight plays in North America between years 2010 and 2020. Obviously, there are numerous global implications across the fields of academia, environmental advocacy, and oil advocacy. In general, the consensus from different groups is that oil prices will gradually decline due to domestic shale mining, and more information from ongoing research and development initiatives will simultaneously mitigate concerns about safety and environmental impact. Where the U.S. Is Today Currently, the tight liquids production rate in North America is approaching and passing 4 million barrels per day, including liquid natural gas. Approximately 50 percent of growth is currently attributed to Eagle Ford, and other notable growth is shared between Bakken and Permian Midland. North Dakota Bakken oil production may exceed expectations later this year depending on weather conditions. Shale Oil Could Be Exactly What the Global Econ
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