Shale Energy – Modern Day Gold Rush
Sedimentary rock known as “sale” containing a significant amount of Kerogen, a solid organic mixture from which hydrocarbons are produced is called sale oil. Due to the current barrel price of crude oil throughout the world, shale oil is gaining more attention. Adding the advancements of hydrofracturing coupe with horizontal drilling techniques make extracting shale oil much more attractive. The United States holds some of the largest known deposits of shale.
Shale Energy is all over the news these days. Areas like North Dakota and South Texas are experiencing the likes of a modern day California Gold Rush. What does all this mean? What is all the fuss about?
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