PROSPECTS OF MARKET DEVELOPMENT OF UNCONVENTIONAL LIQUID HYDROCARBONS

N. P. Savina ()

International Trade and Trade Policy, issue 3

Abstract: The article considers various estimates of shale oil reserves and tendencies of world oil market development taking into account unconventional sources of liquid hydrocarbons. The most significant results of oil "shale revolution" are: growth of reliable reserves and production of shale oil in the USA in 2009-2013 and noticeable decrease in US economy dependence of oil import. The conclusion is self-sufficiency increase of oil reserves in certain countries and regions due to involvement unconventional oil in development. The factors constraining development of production of shale oil outside the USA are established.

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