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Report: Global Shale Oil Production 14M b/d by 2035

Report: Global Shale Oil Production 14M b/d by 2035

Worldwide production of shale oil has the potential to reach 14 million b/d by 2035, about 12% of the world’s total oil supply, prompting a 25-40% decline in oil prices, according to a report issued Thursday by PwC.

February 15, 2013