Despite having just one-fifth of the world’s shale resources, advantages in the US and Canada mean the countries will continue to monopolize the market, according to a new Raymond James report. Shale producers in the United States and Canada worried their market share will be absorbed by foreigners can rest easy. Your corner on the market is safe – at least for the next few years. While there is little doubt that shale resources exist in abundant quantities around the world, a variety of hurdles preclude their development, analysts at Raymond James & Associates (RayJa) said in a recent report. “The tricky aspect of the emerging plays will be how to achieve cost-effective scale-up, bearing in mind the hurdles in technical know-how, regulatory barriers and other issues,” they wrote. “Shale outside North American may become relevant vis-à-vis global oil and gas supply (and thus prices) beyond 2020, but over […]