A second revolution, barely begun, will permit a fuller utilization of conventional oil deposits by greatly improving upon traditional enhanced recovery efforts. The technological advances that produced the shale oil revolution – horizontal drilling coupled with fracking – can also be applied...
Oil price rises over the past 40 years have been truly spectacular, but the recent fall is probably here to stay, thanks to increasing production. We discuss these trends in our new book, The Price of Oil, published this month.
