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More than 50% of the United States oil reserves come in the form of unconventional shale oil, with Texas alone containing 60 million barrels of this type of fossil fuel.
In a situation of low oil prices and expensive technology to extract oil, shale production makes no economic sense. But a reversal of this situationâcharacteristic of the last 10 yearsâmakes such production profitable. In 2005, shale oil production stood at under 500,000 barrels per day. By 2011 production had reached nearly one million barrels per day and began to increase significantly, reaching a peak of over 4.5 million barrels per day by the end of last year.