Coherent Identifier About this item: 20.500.12592/nczg2k

A blessing in disguise

2013

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Summary

Examines the implications of increased unconventional crude oil production in North America. This production increase has been made possible by the existance of alternative oil-recovery technologies and persistently elevated oil prices that make these technologies commercially viable. The evidence suggests that even in the best-case scenario, the increase in U.S. production will not make a large contribution to global production, so its effects on the price of oil is expected to be limited.

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environment energy economy hydraulic fracturing natural gas petroleum fossil fuels chemicals economic growth hydrocarbons investments gas crude oil petroleum products energy industry prices transport oil economic sector oil prices crude energy and resource economy, business and finance shale oil-shale industry oil sands industry benchmark (crude oil) tight oil chemical mixtures glassforming liquids and melts unconventional oil extraction of petroleum

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