Experts believe that the shale oil boom has largely succeeded in reshaping the future of the global energy industry. The United States stands as a leading country in shale oil production, while China takes the reins of shale gas resources.
Other countries are quickly emerging as major players, with many countries making significant investments in developing their shale resources. China emerges as a global leader with a staggering 1,115.2 trillion cubic feet of production, which represents 14.7% of theglobal share. Argentina and Algeria follow suit, with 801.5 trillion and 706.9 trillion cubicfeet, respectively.