New Royal Dutch Shell Patent Could Mean Oil For $30 A Barrel, US #1 Source

Royal Dutch Shell is patenting a technique to convert shale to petroleum at a cost of only about $30/barrel. If it works, the world’s single largest source of oil would be… the United States. What would the world be like if all the oil in Saudi Arabia, Iran, Venezuela, Russia, Iraq, Nigeria, and elsewhere was suddenly nearly worthless?

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