Opinion | India’s state-owned oil companies should consider investing in US shale oil
Indian firms should go in only as financial investors, not as operators of the shale assets
US shale oil producers have been the biggest contributors to India’s energy security over the past decade. In the last 10 years, the US has accounted for almost three-fourths of all additional oil production worldwide, because of shale. As a result, it has also become the world’s largest oil producer, averaging 15.3 million barrels per day in 2019, a good 27% higher than Saudi production and more than double of what it was producing 10 years ago.