Energy education: Why shale oil drilling could soon accelerate in the United States?

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Hello friends, in this opportunity I would like to share with you the reasons why I believe that the United States could accelerate the production of shale oil, although it is true that operationally and logistically oil production is more profitable from conventional fields, there are multiple reasons why this country will reach the point where it will have to do without the production of this type of hydrocarbons.

Unconventional oil fields such as shale sands are oil reserves that are very difficult to exploit due to the high investment that must be made for their exploitation, however in the United States there are shale fields that can be exploited, the propitious scenario for these fields to be exploited is that the prices of oil and gas reach the prices of the past.

Once prices are attractive, these shale oil fields will surely be reactivated and operations will be launched to obtain a profitable production due to the high oil prices.

Another reason why shale fields will be the next tool to increase oil production is because there is not enough drilling equipment available to drill more deep wells, which is why it would be economically attractive to exploit oil from shale fields.

This scenario may not be very credible when looking at historical production records, since investment to exploit shale oil has been very minimal in the past, but it has all been due to low oil prices and how difficult it is to extract, however under a scenario where prices pick up again and with drilling equipment capable of producing shale oil, the most likely scenario is that the United States can increase its production based on shale oil.

In particular, I think that not anywhere in the world could afford to exploit this type of shale oil deposits due to its high cost, however, it may be that in the United States it could happen, of course, depending on political factors and organizations that worldwide are trying to reduce oil exploitation with the intention of minimizing the impact it has on the environment.