Colombia’s Shale Boom Might Be Over Before It Even Started ...Middle East

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Colombia’s Shale Boom Might Be Over Before It Even Started
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The controversial crude oil extraction technique hydraulic fracturing, known as fracking, has long been touted as a solution to Colombia’s rapidly dwindling petroleum reserves. The strife-torn Latin American country finished 2021 with proven crude oil reserves of 1.8 billion barrels, which was estimated by Colombia’s Ministry of Mines and Energy to be sufficient for just over six years at the post-pandemic rate of oil production. That is of considerable concern for Colombia’s petroleum-dependent economy because crude oil is responsible…

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