Which of the following is a correct statement about the production of shale oil in the U.S.?

Question 8 options:

a)

If petroleum becomes more expensive due to dwindling supplies, shale oil use still won't be economically feasible since it is so expensive to produce.

b)

Development of new technology that reduces the cost of extracting shale oil is impossible due to environmental dangers.

c)

If political factors make petroleum expensive or impossible to obtain, the use of shale oil might increase.

d)

Shale oil is an abundant resource and it is currently less expensive than petroleum to produce, but is not widely used.

Shale oil is already produced and used in many parts of the world in power plants, but is generally only used to produce crude oil when the price of oil is high. This is due to the fact that oil extraction from shale is more complex and more expensive than the production of a barrel of regular crude oil. Since crude.

Since crude oil can indeed be obtained from shale, albeit it at a higher price, the production of shale oil is largely defined by political and economic factors.