Global oil shale resources can supply more than 2.8 trillion barrels of nonrenewable energy. This is almost three times the capacity of crude oil reserves. Currently, the cost of retorting oil from oil shale is higher than the cost of crude oil production. Although this factor has kept many companies out of the market so far, cutting-edge research is now being undertaken across the globe to reduce the cost of production. One such study by Shell seeks to cut production costs to less than $25 per barrel. These developments within the same industry can soon open up tremendous market opportunities for all the industry stakeholders. In addition to the extracted fuel oil, oil shale yields several other sub-products like lubricating oil which also possess huge market potential.
This report will be the first of its kind to study the oil shale market on the basis of each market segment. It provides vital market data and also strategically discusses market opportunities for the stakeholders in the oil shale market.