Petroleum is one of the most sought-after products in the world. Countless people depend on this substance for many reasons. Petroleum fuel runs the generators that provide power to their homes, runs their vehicles, and creates products they buy in local stores. The demand for petroleum has created a huge market that the entire world depends on. investors and providers are making a fortune from this market. The trouble is, many experts say that petroleum deposits will eventually run out. Reserves will only hold out so long. This means alternate sources of minerals will be needed. Currently, approximately fifteen percent of middle eastern oil production comes from sources other than petroleum. The market for alternative fuels is growing and investors have a chance to get in on the ground floor.
Shale oil is one alternative gas and oil source that has seen quite a bit of success in North America. The market for shale oil and gas has quite a history. It was discovered in the mid-fourteenth century and use as a pitch or tar. Later, it was used to light the streets of France. In more recent years, this unusual substance has been refined to create fuel that can be used to operate heavy equipment and vehicles. Now that the market is beginning to mature more interest is being shown in shale oil deposits and gas basins, investors are seeing that there is considerable room for growth. Not long ago, a deal was struck in Argentina that allows access to the second largest shale oil gas basin and the fourth largest shale oil deposit.
The Energy Information administration committed to a major survey regarding shale oil in Mexico, China, and Argentina. This road map shows large deposits in several parts of the world, but the majority of the world is left blank. There are still huge amounts of this mineral to be discovered. Investors will have huge opportunities ahead of them. By contracting with providers in different countries, the global market will explode into an incredibly profitable opportunity. Anyone interested in learning more about shale oil can go here and read the many resources and articles written by experts in the energy industry.