Exploration and Development Technology of Shale Oil and Gas in the World: Progress, Impact, and Implication

Abstract

Shale oil and gas resources in the worldwide are mainly distributed in the United States, Canada and other countries. Thanks to the continuous progress of shale oil and gas development technology, the upsurge of shale oil development started after the shale gas revolution in the United States. At the same time, the United States has introduced supporting policies and measures related to shale oil development, which have promoted the economic and efficient development of shale oil and gas. Taken as a whole, the successful commercial development of shale gas and oil in the United States is profoundly changing the world’s energy and political landscape, and some of the initiatives of the shale gas revolution have profound implications for China and other countries.