March, 2016 – InvestorLiterature.com Review
This Review is an update of the previous Shale Oil Update`` written in 2015(2). Since then oil prices have declined from about $50 then to the $30s per barrel range and considerably reduced the economics of shale oil drilling. In this review we cite several studies on future oil prices and find expected oil prices are in a generally increasing mode. We also discuss various related topics including: the economics of shale oil production and oil sands production, climate change’s impact on oil, and Saudi Arabia’s plus other world producers’ expected oil production. Overall we agree that crude oil prices will ultimately likely recover.