Open AccessWill Shale Impede or Accelerate the Global Energy Transition?
Publication year - 2021
Language(s) - English
Resource type - Reports
DOI - 10.30573/ks--2021-wb02
Subject(s) - oil shale , tight oil , productivity , shale oil extraction , petroleum engineering , shale oil , natural resource economics , shale gas , production (economics) , oil supply , supply and demand , oil production , unconventional oil , business , economics , environmental science , geology , paleontology , microeconomics , economic growth
United States (U.S.) shale has transformed oil market dynamics in ways we never thought possible. Shale oil has transformed the oil supply curve through massive supply shocks, such as the rapid increase in tight oil production over the past decade, alongside productivity and technology developments.