Clean Oil That Only Costs $20
Now, thanks to technological advances from Petroteq and other companies, oil sands could be as profitable and as cheap as shale
By Oilprice.com -- James Stafford —— Bio and Archives--February 14, 2018
Global Warming-Energy-Environment | Comments | Back To Full Article
The United States is in the midst of an energy revolution.
Oil production has risen by 5 million barrels per day (bpd) since 2010, an increase of nearly 100 percent. New technology, particularly techniques in shale oil drilling, has opened up vast new opportunities for oil and gas companies.
The proof is in the numbers. In 2017, the United States averaged 9.3 million bpd. This year, the EIA predicts that U.S. oil and gas production will reach record levels, averaging 10.3 million barrels bpd to surpass the record reached in 1970 (9.6 million bpd).Welcome to CFP’s Comment Section!
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