Worldwide shale oil production could add US$2.7 trillion to the global economy annually by 2035 by slashing the price of crude by as much as US$50 a barrel, PwC said on Thursday.
Shale oil production could surge to 14 million barrels per day, or as much as 12 per cent of total oil output from around 1 per cent now, as it expands from its US base over the next two decades, the world’s largest accounting firm said in a report.
via Business feed http://www.scmp.com/business/commodities/article/1150093/shale-oil-could-boost-global-gdp-us27tr-year-pwc
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