US shale oil and gas cannot make up for shortages caused by the naval blockade
Conventional oil fields can sustain production for long periods with relatively low reinvestment. In contrast, shale oil extraction is both technologically demanding and significantly more expensive.
Under ideal conditions, shale output can add several hundred thousand barrels per day within months, and up to one million barrels per day within a year. That is a far cry from the 20 million barrels that transit through Hormuz. This spells a doomsday scenario for different sectors, from oil, to fertilizers, to food, and to electronics and more.
shale oil
shale oil
shale oil
Hormuz Strait
Hormuz Strait
Hormuz Strait
US naval blockade
US naval blockade
US naval blockade
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VIDEO | US shale oil and gas cannot make up for shortages caused by the naval blockade
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