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Study: IHS - North America’s Tight Oil Phenomena Poised to Go Global

( September 17, 2013, 12:26 GMT | Official Statement) -- MLex Summary: US-based industry analytics company IHS has published a study on international resources of “tight oil”, also known as shale oil. Tight oil is produced using the same “fracking” techniques as shale gas. The study says that Europe and regions including Argentina, Siberia and parts of Africa could have much greater tight oil resources than North America, where tight oil and shale gas have dramatically reduced the need for imported energy.Full statement follows:...

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