Lending to shale deposits

The extraction of oil from shale is potentially more expensive than production of conventional oil, both financially and in terms of the impact on environment. Shale deposits are found all over the world, including large deposits in the United States of America. Global deposits estimates vary from 2.8 to 3.3 trillion barrels of oil. US shale deposits account 58 billion barrels, Russia occupy the first place - 75 billion barrels. Nevertheless, the US oil market differs significantly from the Russian market. Along with large enterprises there are also many small companies. Such a diversified market creates conditions for healthy competition and, as a result, for searching innovative methods which can reduce the cost of a barrel of shale oil and improve the work of financial institutions that allow small companies to function successfully in the market. This, obviously, will change the picture of the world economy and policy.