Peak Shale
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The Rise of Unconventional Oil Production
A fellow named Art Bairman was looking at crude oil production and noticing that 40% of what we historically would have called crude oil nowadays is no longer based on crude oil. Now, however, global oil production has grown by 10 to 12 million barrels or almost 10 million barrels between the early part of last decade. And so where did that oil supply grow come from? The majority of it close to 80% of it came from the US shale, which the US liquids from the shale gases.
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