Does the World Need More Oil?

... expenditure as the manning level, rental and equipment, transportation cost and, having lowered production costs, return triumphantly to the market. All things considered, the fall in prices is unlikely to affect the long-term development prospects of oil production in the U.S.: the decline of the shale revolution era is not yet in the offing. Of course, we should keep in mind that the U.S. has conventional deposits, which account for over half its entire oil production but cannot satisfy domestic consumption needs. It was the shale revolution ...