Curiouser and curiouser…Energy Information Administration was forced to lower its previous estimates of the stock of recoverable shale oil by 64 per cent…much of refining structure is ill-equipped to process this light sweet crude oil…With development of shale oil in the interior, large parts of US pipeline infrastructure developed over preceding 40 years…suddenly obsolete… rail and barge transport cannot cope with increased demand. Moreover, exports of US shale oil that cannot be processed domestically are prohibited by US law.

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