Shale technological changes

Applicability to This Study. Having proposed a model for understanding the process of technological change, and having analyzed the present shale oil industry through the framework of this model, hopefully now we should be able to articulate the question this study Intends to raise in more precise and succinct terms. 

There are fossil fuels which are currently not cost-effective to produce or are not in significant use, such as oil shale. When new technology opens new resources, the production curves can be changed to include them. For this assessment only the fossil fuel sources in Figs. 1 and 2 will be considered. 

Shale gas resource estimates are likely to change as new information, additional experience, and advances in technology become available. 

Note Information presented in this table, such as original gas-in-place and technically recoverable resources, is presented for general comparative purposes only. The numbers provided are based on the sources shown and this research did not include a resource evaluation. Rather, publicly available data was obtained from a variety of sources and is presented for general characterization and comparison with other shale gas plays. Resource estimates for any basin may vary greatly depending on individual company experience, data available at the time the estimate was performed, and other factors. Furthermore, these estimates are likely to change as production methods and technologies improve. 

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