Figure 7 - US oil import forecast up to 2015 from Simmons & Co as per the low, medium, and high range scenarios. Figure 8 - US oil production forecast from shale oil from EIA.

The analysts highlighted in the report that, in the early 1990s, “the CEO of a major oil company attracted fierce criticism ...

China has certified 147 million barrels of oil reserves in a new shale play operated by state energy giant Sinopec in the ...

Researchers from Prof. Quan-You Liu's team at Peking University decoded the complex accumulation mechanisms of China’s ...

Sen. Ken Salazar (D–Col.) writes in the Washington Post today that shale oil crops up every couple of decades as a potential energy savior promising billions of barrels of black gold if only the ...

Shale oil, a type of crude oil similar to petroleum, is found between layers of organic-rich shale. It can be refined into petrol, diesel, and other products, making it a sought-after resource.

Rising oil prices will quickly put the industry's new capital discipline to the test. If WTI prices remain at $65 per barrel by next year, "all bets are off," one analyst said.

Oil shale has long been considered an ace in the hole for domestic energy production, but it is fraught with technical, legal, economic, and environmental challenges that have yet to be fully answered ...

Oil shale has been mined extensively in Brazil, China, Estonia, Germany, Israel and Russia, but up to two-thirds of the world’s supply lies in the Green River basin of the western United States ...

Now, our shale producers have breakevens of just $50 to $55 per barrel, down from over $80 a few years back. The efficiency of the U.S. oil and gas business is now the best ever.

Shale oil is not to be confused with another potential resource, usually called " oil shale," which is found in huge volume in the Green River Formation of western Colorado, Utah, and Wyoming.

Why Oil Shale? Why Oil Shale? On the Western Slope of the Rocky Mountains, teams of scientists and engineers are working on a feat of modern day alchemy: turning rocks into oil. The object of their ...