Has shale gas discovery impacted oil prices?

The production of shale oil (also referred to as tight oil) exploits technological advances in drilling. It involves horizontal drilling and the hydraulic fracturing (or fracking) of underground rock formations containing deposits of crude oil that are trapped within the rock. read more

Shale gas as such has a little to no impact on the crude oil prices. I presume , that with shale gas you mean Shale oil or light tight oil or tight oil. Light tight oil or tight oil is an unconventional oil which has been known to us since ages, but it is only recently that the production of such oil has been made feasible. read more

Global oil prices have been hit hard because of discovery of new shale gas in the US and falling demand in the world market. This report is a study of the impact of shale gas discovery on the global oil prices and the economy. read more