New Oil Geographies. The Rise of Unconventional Oil
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Unconventional oil is on the rise. OPEC estimates that production will rise to 3.4 million oil barrels per day in 2015 and over 5.8 million b/d in 2020, thanks to shale oil, ultradeep drilling and oil sands. This will also transform the geography and the geopolitics of oil, moving its center from the Middle East to new regions such as Brazil, Canada and the Antarctic region. This article features an exclusive interview with the Brazilian oil corporation Petrobras.