Interesting Facts

By 1985, the UK treasury was earning £2,500,000 (£2.5 million) per hour due to oil revenues driven by offshore drilling in the North Sea. Around this time, other reserves were found off the coast of Alaska US and Mexico. By the end of the 20th century, an abundance oil was being produced in Alaska, Mexico, South America, West Africa, the North Sea, the Caspian Sea, and the Middle East. Shale is essentially mud which has been petrified, but it holds oil within it which makes it valuable. Shale oi...

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