DWINDLING CRUDE PRICES: HARD KNOCKS ON SHALE OIL DEVELOPMENT

The global attention towards the development of shale oil may have continued to suffer setback, as the hope of nations on the assessed world energy changer gets dimmer owing to sliding crude prices.

Indeed, oil multinationals that were wholly committed to the shale projects are now having a rethink, as the projects become more uneconomical by the day. Shale oil producing countries, such as Turkey, Ukraine and Argentina, Romaian , Poland and Hungary, Germany and South Africa, are now left at crossroads on the way forward to oil boom.

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