Global Scenario

Abstract

Of all the substitute of petroleum reported this far, shale stands out to be of high importance. Shale has been an important source of energy for Australia, France and Scotland. As far as US is concerned, over 700 billion barrels of synthetic crude spread of over 11 million acres of Colarado, Uthah and Wyoming District. Only about 2% of whole 30 trillion bbl of shale oil is available for commercial exploration. Total recoverable natural gas in the world is 28,205 tcf of which shale gas is almost one-fourth.