Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. These numbers include water requirements for power generation for in-situ heating processes, retorting, refining, reclamation, dust control and on-site worker demands. [20][22] However, EROEI then becomes a measure of environmental acceptability rather than economic viability. [28] Royal Dutch Shell has been reported to be buying groundwater rights in Colorado as it prepares to drill for oil in the shale deposits there. Just last week, when crude oil prices fell to $46 a barrel, the mayor of the biggest city in the world’s largest shale oil patch seemed oddly calm, almost relieved. U.S. shale drillers are poised to be among the biggest losers in the oil-price war stoked by Russia and Saudi Arabia that has sent global prices crashing. As crude oil plunges to around $30 a barrel, industry experts are concerned the shale boom might be thrown into a precarious position. Shale oil outpaced OPEC in terms of production increase in the past decadeâbetween 2008 and 2018, OPEC added 2.05 mb/d or 17.6 percent of the global supply increase, while the United States supplied 8.53 mb/d of new oil, accounting for 73.2 percent of the increase. )+[a-z]{2,63}/i);}, failureMessage: "Value must not contain any URL's"});field5.add(Validate.Presence, {failureMessage:"This field is required"});field5.add(Validate.Length, {tooShortMessage:"Invalid length for field value", tooLongMessage: "Invalid length for field value", minimum: 4, maximum: 4});function handleFormSubmit(ele) { var submitButton = ele.querySelector('input[type=submit]'); var spinner = document.createElement('span'); spinner.setAttribute('class', 'loader'); submitButton.setAttribute('disabled', true); submitButton.style.cursor = 'wait'; submitButton.parentNode.appendChild(spinner); return true; }function resetSubmitButton(e){ var submitButtons = e.target.form.getElementsByClassName('submit-button'); for(var i=0;i