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Oil Stock Quote And The Quality Influence An educated look at the situation reveals that the problem is not so much with the amount of oil, as much as it is with the quality of oil and its ease of extraction. See, oil is not necessarily oil. It’s not all created equally. Most people think of oil as being the Texas “sweet crude” that is high quality black gold that requires minimal processing. It flows easily, has low sulfur content, and is inexpensive to convert to the products we all know and use. The reality is that the bulk of the world’s oil is not so good. There’s still plenty of it, but it is not of high quality. Sometimes the extraction of the oil is more involved, which can affect the price. But almost certainly, the oil requires additional processing. To make matters worse, oil from far away carries with it the heightened price tag of transport. Ironically, the higher the price of fuel, the higher the price of transporting fuel. It seems to be a bit of a vicious cycle, doesn’t it. There are locales that still offer up the lower viscosity, low sulfur content sweet crude that we all prefer. Unfortunately, the goods are coming from places like Nigeria and Lybia. These places are not exactly the epitome of politically stable regions. As you can imagine, depending on these sources come with inherent risks. Oil Stock Quote Explosions Based On Shale Exploits There is always recourse to the new methods of tapping old oil. Lots of oil remains in wells that have been abandoned because the easy stuff is gone. Oil that flows readily is pumped and the rest, whether known to exist or not, gets left behind because it could not be extracted. Beyond that, there are sources of oil such as the oil sands and shale oil that depends on adequate technology to retrieve it. There are a number of technologies that can be deployed. One of these is called Managed Pressure Drilling (MPD). This process involves the use of air injected alongside chemicals that can release the oil. It’s a process that can be used on top of other techniques, so you might see innovative drilling used, followed by MPD. MPD is not very expensive to implement, so it allows for trapped oil to be accessed profitably even at modestly high oil prices. The use of hydraulic fracturing is perhaps at the forefront of technology that is allowing us to access mass quantities of shale-trapped oil and natural gas. A prime example is the Bakken Shale, which has been exploited with fracturing and enabled North Dakota to tack on jobs when the vast majority of other economies are running double-digit unemployment rates. The technology is allowing access to billions of barrels of goodies that will keep people busy in that state for decades to come. The new Bakken is the Marcellus stretch on the East Coast, and you can count on this impacting the oil stock quote of more than one company. The Marcellus Shale formation is home to vast quantities of natural gas. It’s been reported that 100,000 wells could be drilled by the time all is said and done. Tens of thousands of jobs can be added in the process, and zeros will be added to the oil stock quote of the most successful companies that properly and successfully exploit it, namely the top stocks to buy now.