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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.
The impacts of increased shale-oil and natural gas production on global energy economies are extensive. At current prices of â¼US$100/barrel, for instance, the 345 Bbbl increase in global shale-oil reserves is worth â¼US$35 trillion.