High oil prices push shale oil production

Cure expensive "medicine" is expensive in itself.unconventional gas Commodity markets this highly respected folk wisdom in the past decade has been the test of the U.S. oil industry, and only to a certain extent been proved.

High oil prices for the U.S. oil industry's strong revival provided the opportunity. Today, the U.S. oil industry is growing at five years ago could not imagine a way to recover. shale gasThe surge in oil production and help lower global oil prices. Since the summer since 2011, crude oil prices have been in decline.

Prospects for oil prices depends on many factors, including the health of the global economy and OPEC (Opec, referred to as: OPEC) response initiatives.

However, if only from the American point of view, there are indications that, although oil prices are unlikely to return in 2009 of $ 33 per barrel in recent trough (back to 1999 low of less than $ 10 per barrel even more impossible ),Ceramic proppant but it is still about $ 95 per barrel from the current (benchmark West Texas Intermediate crude oil price) levels fall further.