The Three Places Poised To Benefit From The Next Oil Boom

Moneybox
A blog about business and economics.
Sept. 17 2013 9:13 AM

The Three Places Poised To Benefit From The Next Oil Boom

53348535
Siberia is lovely in the summertime.

Photo by STRINGER/AFP/Getty Images

Unconventional "tight" oil fields in Texas and North Dakota have been transforming the American energy landscape and the economies of those two regions. But according to Ed Crooks at the Financial Times, the latest study from IHS says there are three shale formations outside North America with even more productive possibilities.

The locations are the Vaca Muerta shale of Argentina, the Bazhenov shale in Siberia, and some Silurian shale in northern Africa. The bad news for people who like internal combustion engines is that this oil looks more expensive to extract than what you've got in Bakken or Eagle Ford. There are also significant political issues around some of these sights. Argentina, for example, privatized its state-owned oil company back in the 1990s and then renationalized it last year. That's the kind of thing that makes foreigners reluctant to invest the resources and personnel that will be necessary to exploit Vaca Muerta's potential. But if oil demand from India and China keeps growing, the price will be right to tap these fields and Russian cities like Perm and Omsk could be the next boomtowns.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.

TODAY IN SLATE

Politics

Smash and Grab

Will competitive Senate contests in Kansas and South Dakota lead to more late-breaking races in future elections?

Even When They Go to College, the Poor Sometimes Stay Poor

Here’s Just How Far a Southern Woman May Have to Drive to Get an Abortion

The Most Ingenious Teaching Device Ever Invented

Marvel’s Civil War Is a Far-Right Paranoid Fantasy

It’s also a mess. Can the movies do better?

Behold

Sprawl, Decadence, and Environmental Ruin in Nevada

Space: The Next Generation

An All-Female Mission to Mars

As a NASA guinea pig, I verified that women would be cheaper to launch than men.

Watching Netflix in Bed. Hanging Bananas. Is There Anything These Hooks Can’t Solve?

The Procedural Rule That Could Prevent Gay Marriage From Reaching SCOTUS Again

  News & Politics
Politics
Oct. 20 2014 7:13 PM Deadly Advice When it comes to Ebola, ignore American public opinion: It’s ignorant and misinformed about the disease.
  Business
Moneybox
Oct. 20 2014 6:48 PM Apple: Still Enormously Profitable
  Life
Outward
Oct. 20 2014 3:16 PM The Catholic Church Is Changing, and Celibate Gays Are Leading the Way
  Double X
The XX Factor
Oct. 20 2014 6:17 PM I Am 25. I Don't Work at Facebook. My Doctors Want Me to Freeze My Eggs.
  Slate Plus
Tv Club
Oct. 20 2014 7:15 AM The Slate Doctor Who Podcast: Episode 9 A spoiler-filled discussion of "Flatline."
  Arts
Brow Beat
Oct. 20 2014 6:32 PM Taylor Swift’s Pro-Gay “Welcome to New York” Takes Her Further Than Ever From Nashville 
  Technology
Future Tense
Oct. 20 2014 4:59 PM Canadian Town Cancels Outdoor Halloween Because Polar Bears
  Health & Science
Medical Examiner
Oct. 20 2014 11:46 AM Is Anybody Watching My Do-Gooding? The difference between being a hero and being an altruist.
  Sports
Sports Nut
Oct. 20 2014 5:09 PM Keepaway, on Three. Ready—Break! On his record-breaking touchdown pass, Peyton Manning couldn’t even leave the celebration to chance.