Why were oil prices so high in 2005 and 2006? (user search)
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  Why were oil prices so high in 2005 and 2006? (search mode)
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Author Topic: Why were oil prices so high in 2005 and 2006?  (Read 1164 times)
True Federalist (진정한 연방 주의자)
Ernest
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« on: February 05, 2021, 04:53:48 AM »

Velasco,
It's important when considering the costs (both economic and ecological) of shale oil that the term encompasses two rather different production methods. Both synthetic crude (which uses thermal methods to get the oil out of the shale) and tight oil (which uses pressure methods, i.e, fracking) are produced from oil-bearing shales and thus get called shale oil. The increase in U.S. oil production since the mid-2000s has primarily been from tight oil, not synthetic crude.
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