The Shale 'Miracle' & The Reality-Optional World Of Bizarro Finance [zero hedge]
Royal Dutch Shell PLC Royal Dutch Shell PLC American Depositary Shares (Each representing two Class B Ordinary Shares) (RDS.B)
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Source: zero hedge
The Shale 'Miracle' & The Reality-Optional World Of Bizarro FinanceWhen can we start fracking the internet for bitcoins ?The US has the largest oil shale deposits in the world. There are huge oil shale deposits which are in the early phase of exploration.The US oil shale reserves has over 2 trillion barrels of recoverable hydrocarbons.Official but inaccurate traditional crude oil reserves is over 100 billion barrels, however the latest 3D survey on Alaska's North Slope coupled with the recent 3 billion barrel find, means there is a hell of a lot more oil than this defeatist rant programmed during the Obama communist defeatism era.US reserves of crude oil are increasing and that's not oil shale.Go look it up because the author sure didn't. This is typical of the political slanted poorly researched article these BS artist try to pass for real journalism.Fact, major oil companies have announced a massive long term investment in shale. There are thousands of incompleted wells, drilled and
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