The United States is losing its energy dominance as shale plays fail to deliver. Once called the new swing producer of the world, shale wilted when oil prices collapsed earlier this year. Alaska North Slope recent discoveries and prospects. In 2018, almost 3 billion barrels of proved reserves were added in shale plays. To be sure, there will be more risk than there was in the shale plays but risk and reward go hand-in-hand.

Source: Forbes October 31, 2020 13:59 UTC