Chevron Corporation (CVX), Schlumberger Limited. (SLB), Halliburton Company (HAL): Will the Shale Revolution Go Global?

Final thoughts
As you can see, the promise of a global shale revolution faces numerous challenges, some of which include legal and regulatory hurdles, foreign firms’ lack of expertise, equipment and personnel, infrastructure constraints, and resource shortages.

But while these challenges certainly appear daunting, they aren’t insurmountable. Foreign firms are doing all they can to gain the necessary expertise in shale drilling, including asking leading oilfield services firms for their help and partnering with U.S.-based shale drillers through joint venture agreements. Eventually, they’ll catch up. But for now, North America still has a major advantage.

The article Will the Shale Revolution Go Global? originally appeared on Fool.com.

Fool contributor Arjun Sreekumar has no position in any stocks mentioned. The Motley Fool recommends Chevron and Halliburton and has options on Chesapeake Energy.

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