'Oil Shale Market to Be Worth $3.3bn in 2012' Says Visiongain Report

'Oil Shale Market to Be Worth $3.3bn in 2012' Says Visiongain Report PR Newswire LONDON, September 28, 2012 LONDON, September 28, 2012 /PRNewswire/ -- Visiongain's analysis indicates that the global oil shale market will reach a value of $3.3bn in 2012. The sector will experience strong growth over the forecast period to 2022 as companies and governments around the world seek to profit from the vast potential of oil shale reserves. Visiongain's analysis provides a comprehensive overview of the oil shale market taking into the various factors influencing the development of the market. The lead analyst of the oil shale report commented that 'The global oil shale market is only commercially active in a handful of countries around the world. Most nations that have substantial reserves are looking to expand their domestic industry over the next decade as rising oil demand and high oil prices become an increasing burden for net-importers of oil. The huge untapped reserves and the ongoing technological advancement, especially with in-situ work, present a great opportunity for governments and private investors alike and will make oil shale an attractive alternative to other conventional and unconventional oil sources over the next decade.' The Oil Shale Market 2012-2022, analyses this rapidly developing energy sector and provides insights into the drivers and restraints that will shape the market over the next decade.