Reserves and Production
Global technically-recoverable oil shale reserves have recently been estimated at about 2.8 to 3.3 trillion barrels (450×109 to 520×109 m3) of shale oil, with the largest reserves in the United States, which is thought to have 1.5–2.6 trillion barrels (240×109–410×109 m3). Worldwide production of shale oil was estimated at 11,600 barrels per day (1,840 m3/d) in 2002. The leading producers were Estonia (5,500 barrels per day (870 m3/d)), Brazil (3,100 barrels per day (490 m3/d)), and China (2,000 barrels per day (320 m3/d)). In 2008, China led production with 470 million liters (ML), followed by Estonia (445 ML) and Brazil (250 ML).
The production of shale oil has been hindered because of technical difficulties and costs. In March 2011, the United States Bureau of Land Management called into question proposals in the U.S. for commercial operations, stating that "There are no economically viable ways yet known to extract and process oil shale for commercial purposes."
Read more about this topic: Shale Oil
Famous quotes containing the words reserves and/or production:
“...I want to see a film, they send the Israeli army reserves to escort me! What kind of life is this?”
—Golda Meir (1898–1978)
“From the war of nature, from famine and death, the most exalted object which we are capable of conceiving, namely, the production of the higher animals, directly follows. There is grandeur in this view of life, with its several powers, having been breathed into a few forms or into one; and that, whilst this planet has gone cycling on according to the fixed law of gravity, from so simple a beginning endless forms most beautiful and most wonderful have been, and are being, evolved.”
—Charles Darwin (1809–1882)