Despite fluctuating oil prices (which are inevitable), the U.S. is still believed to be playing well in the petrochemical industry. Indeed, local crude oil reserves have been nearly depleted, but the discoveries of new shale deposits in key fields are securing the country impressive standing in the energy Olympics.
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An oil shale is an unconventional source of organic fuel but has the quality to rival the finest hydrocarbon products. The U.S. has a huge advantage in this area as it possesses the world’s largest deposits of these sedimentary rocks. While hydrocarbon export remains moderately possible, the domestic demand for fossil fuel can now be easily satisfied at a much lower cost, at least.
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The oil shale revolution is a game changer. It could transform the global energy outlook, and with more than 4,000 shale wells currently in place, there is little hint that the industry will decline as fast as it boomed. The substantial resource size combined with the ability of the industry to harness its maximum economic potential through steady improvements in technology could dwarf earlier pessimistic forecasts. The status quo leaves enough room for the United States to become the largest global oil producer in just a few years.
Texas-based Primera Energy LLC, an oil company founded by Brian Alfaro, aims to make the U.S. self-sufficient in energy supply by employing the most advanced and most effective methods of extracting high-quality hydrocarbons from the Texan oil shale. To know more about the company’s success story, click here
