Shale oil, gas resources 'abundant' worldwide, EIA/ARI study finds

06/17/2013
Shale oil and shale gas resources are "abundant" around the globe, according to a recent study conducted by Advanced Resources International Inc. under contract to the US Energy Information Administration. The EIA/ARI study also ranks Russia in the top spot for technically recoverable shale oil resources. The study, released June 10, estimates that global shale resources—in conjunction with the agency's own assessment of resources within the US—indicate technically recoverable worldwide resources of 345 billion bbl of shale oil and 7,299 tcf of shale gas. Worldwide shale gas resources increased 10% over estimates made 2 years ago in a previous study. Unlike the previous study, w...
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