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.

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

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

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 ...

University of Wyoming researchers have published a comprehensive overview of established techniques for assessing shale ...

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 ...

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.

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.

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 ...