The Petroleum Age has Just Begun!

It is right – the shale revolution is about going to the source rock instead of looking for the few reserves that have accumulated. There is at least an order of magnitude more shale oil and gas than conventional reserves. Which means that everything we have ever produced since oil and gas are being produced is a small one-digit percentage of what’s there. And methane hydrates dwarf that number again by at least an order of magnitude. There is plenty of room at the bottom.

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