Jack Prandelli@jackprandelli
🛢️top 5 world’s largest shale oil reserve
🇷🇺 Russia: 74.6B barrels, technology locked out by sanctions
🇺🇸 United States: 74.4B barrels, advanced development, accelerating
🇨🇳 China: 32.2B barrels, initial production, cut off from Western services
🇦🇷 Argentina: 27.0B barrels, Vaca Muerta, commercial development
🇱🇾 Libya: 26.1B barrels, early development, political instability
Russia and the US have virtually identical reserves.
The difference is everything after the geology.
The US built the technology, the supply chain, and the capital markets to unlock it.
Sanctions have now locked Russia out of the Western oilfield services it needs to do the same.
China at 32.2 billion barrels faces the same problem differently developing tight rock at scale requires exactly the Western technology Beijing is being decoupled from.
Argentina's Vaca Muerta is the most interesting number on this map.
27 billion barrels in commercial development, US operators moving in, infrastructure catching up.
A major oil exporter in the making.
The shale revolution wasn't about finding the oil.
Every major economy has the oil.
It was about building the industrial system to extract it cheaply, at scale, repeatedly.
Only one country has fully done that.
Do not miss my latest article on the big oil bet in Argentina.
Link in the comments 👇
