The petroleum industry is one of the largest and most profitable in the world. Oil is used throughout the world by normal people and commercial users for numerous reasons. Most industries would grind to a halt without petroleum products. Unfortunately, many experts believe that petroleum deposits are running out and stockpiles will only last a few years. It’s time for energy investors to consider other sources of oil. Shale oil is an unconventional mineral oil that is created when organic material is converted in shale shell deposits. It was discovered in the mid-fourteenth century and used as tar. It was once used to light the streets of France. In more recent years, oil providers have learned to refine it into fuel. A recent deal in Argentina provides investors with the opportunity to get in on the ground floor of the future of the energy industry.
Making money from oil is a huge industry. There are many different ways to make a bundle from petroleum, but that’s because the industry has a strong infrastructure. Shale oil doesn’t. It’s like the wild west of the energy frontier. Most people aren’t even sure where their oil will be coming from. The United States and Canada have enjoyed a strong market for shale oil, but the rest of the world is yet to see its potential. Now that deposits are known to be found in China, Mexico, and Argentina, investors know where their money can go.
The Energy Information Association performed a major survey of shale oil and gas deposits. While a strong presence is located in the countries mentioned before, the rest of the world is left blank on the Shale Oil Road Map. The number and size of shale oil and gas deposits is not known, but the potential is huge. Investors have only begun to see the potential of this unconventional mineral. Continued studies pave the way towards a strong market, but investors will need to move quickly or they may end up sharing their royalty checks with a lot of other people. The early bird gets the worm, and the global shale oil market is already on the rise.