A new report on oil shale has been released, The Oil Shale Market 2012-2022.
Report Details
Global oil shale reserves are vast, estimated to be over twice as big as conventional oil reserves.With high oil prices and world energy demand set to increase continuously, oil shale offers a great opportunity for certain countries to alleviate energy security concerns and for companies to profit from the vast untapped reserves. The market is still developing and to-date oil shale is only being exploited on a commercial scale in a small number of countries. Many countries, however, are increasingly interested in advancing their domestic industry as oil shale is becoming an economically viable industry. Technology is constantly improving and an increasing number of projects are developing around the world. As a consequence, Visiongain has determined that the value of the global oil shale market in 2012 will reach $3.3bn.
