A wave of consolidation could be coming to the US shale oil industry.

美国页岩油行业可能迎来一波整合浪潮。

It also reveals the idea that shale oil might guarantee energy security to be a fallacy.

这也揭示了页岩油可能保障国家能源安全的观点是一种谬论。

Shale oil is already gushing out of the ground in America, displacing imports to the world's largest consumer.

作为全球最大的石油消费国，美国国内的页岩油早已喷薄而出，开始替代进口石油。

So Argentina has started a big program of drilling to increase shale oil and gas production in Patagonia.

阿根廷已经开始了一项大型钻探计划，以增加巴塔哥尼亚的页岩油气产量。

So, Myles, what are these moves within the US shale oil industry mean for the transition to cleaner energy?

迈尔斯，美国页岩油行业的这些举措对向清洁能源的过渡意味着什么？

So analysts view this as a big step in consolidating the shale oil industry in the US.

分析师认为，这是整合美国页岩油行业的一大步。

But shale oil is extracted using hundreds of small wells, so scaling back output is far easier if prices fall.

可页岩油的开采需要数以百计的小油井，一旦油价下跌，缩减产量更容易。

ExxonMobil's purchase of Pioneer could reshape the US shale oil industry, and Israel is stepping up its offensive in Gaza.

埃克森美孚收购 Pioneer 可能重塑美国页岩油行业，而以色列正在加大对加沙的攻势。

But in the U.S. there’s a shale oil boom.

但在美国，出现了页岩油繁荣。

Decades later, amid different norms, the shale oil and gas booms had different effects.

几十年后，在不同的规范下，页岩油气的繁荣产生了不同的影响。