The Impact of Unconventional Oil on the Economic Development in Traditional Oil-producing Countries

الملخص

The importance of research is reflected in the focus on  non-traditional  oil sources  such as shale oil and oil sands  as well as other types and to show the high growth of production from these sources, whether this is currently (2020) or through the future, as a result of technological development, which has contributed significantly to overcoming the difficulties that were an obstacle to the exploitation of these sources,  Moreover, it has made it more economically viable than ever as a result of lower production costs, as the production of a barrel of oil from non-traditional sources in some countries has reached between (20-25) dollars, creating repercussions as a result of this development in production from non-traditional sources on countries that depend on the management of their economies on traditional oil revenues at present (2020).  The future, which appears directly in the oil sector and  its  revenues, and it can be said that there are shifts in the world  oil markets that  have been emerging for some time as a result of the high rates of unconventional production of energy sources, which has caused a crowd with traditional resources on their shares in the energy markets, in addition to the concentration of these resources from oil sources.  Non-traditional countries outside OPEC and in very large quantities such as North America as well as other countries but in lower proportions, which led to a decrease in the rate of import of these countries for oil and higher export rates, in contrast to the decline in exports of traditional oil producing countries to those countries, resulting in a decrease in their oil revenues as well as a decrease in the price rate as a result of the high oil supply rates in the world energy markets.