17 September 2008

More Hot THAI Takeout for Canadian Oil Men

Trillions of barrels of oil equivalent sits in Canadian oil sands, waiting for better extraction methods. Brian Wang thinks this method may be what the oil doctor ordered. Better methods of extracting the trillions of barrels of oil equivalent sitting in US and Canadian oil shale are also in the pipeline.
If the Capri/Thai processes are successful then Canada's oilsands, other oilsands and heavy oil deposits around the world will have higher recovery rates using a more economic process and the oil will be upgrading in the ground to a higher and more valuable quality. This would be the technology that would crush peak oil for several decades and allow an orderly transition to a post oil world. The processes would enable trillions of barrels of oil to be economically accessed. In a few months the Capri process could be proven out and the energy world would be changed. Oil technology would change the world by unlocking the oilsand and heavy oil around the world. Trillions of barrels of oil would become economically feasible. It [will be a (AF)]world and game changer. _NextBigFuture
The profitability of oil shale and oil sands extraction processes depend upon oil prices being above $80 a barrel. With rapid advances in algal and biomass biofuels, along with more nuclear, better industrial heat recovery, higher efficiencies, and shifting to an electrical vehicle fleet, high oil prices for the indefinite future are a bad bet.


Bookmark and Share


Blogger Hell_Is_Like_Newark said...

here is another company that has also developed a HTL process. They have a pilot plant operating in California.


Thursday, 18 September, 2008  

Post a Comment

“During times of universal deceit, telling the truth becomes a revolutionary act” _George Orwell

<< Home

Newer Posts Older Posts