If you thought the US was the king of shale, we are sorry to burst your bubble... it no longer wears the crown. China has more proven oil reserves than the US. As the following chart shows - from the EIA's 730-page report, which assesses the shale formations of 41 countries - the global race for shale development has started. As Casey Research's energy report discusses [3], countries that are not now known for their oil and gas production are showing much shale oil and gas promise.
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