In the future and will no longer be the dominant energy source. However, until the end of the oil century and the integration of renewable energy, it will still be an indispensable part of economic development, and shale oil will also play an important role in the oil market. At this stage, the shale oil industry is facing a major recession, with business shrinking and even restructuring and bankruptcy, and there will undoubtedly be a hard time.
As of mid-June, despite the fax number list ongoing epidemic, economic activities have partially restarted, and oil prices have quickly recovered to above $35 a barrel. The recent cancellation, postponement or reduction of investment in exploration and production has continued to reduce the number of shale oil rigs. In the absence of new drilling to fill old wells, resulting in a decline in production capacity, oil production will be affected and oil prices will continue to rise.
The trend of profit, shale oil is bound to make a comeback after eliminating the weak and keeping the strong, and innovating and optimizing technology. Summary table of basic information of Hualien County's land plan. Image source: Hualien County Territorial Plan Summary Table of Basic Information of Hualien County Territorial Plan | Source: Hualien County Territorial Plan Regarding the 183 aboriginal tribes in Hualien County, the county government said that the indigenous population accounts for 28%.