Something smells like rotten eggs at SulphCo (AMEX: SUF)
SulphCo is a development-stage company (i.e. negligible revenues, lots of losses, lots of exciting press releases) that claims to have a cheap method for removing sulfur from crude oil named "sonocracking" (employs ultrasound).
The company claims lots of interest from foreign oil companies but (surprise, surprise) no domestic interest:
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In September, it installed a sonocracking plant in Seoul, South Korea. In October it signed a test agreement with Total France to evaluate the technical viability of its technology. In Venezuela and Mexico, contacts with oil companies are in the early stages, Gunnerman added, though they’re more advanced in Mexico.
U.S. companies’ reception to SulphCo’s technology has been reserved.
The company had a collaboration agreement with Chevron Texaco for several years but no deal resulted. Other companies in the country have shown no interest, and Gunnerman is not sure why.
“Perhaps it’s just the market conditions,” he said. “The U.S. refineries are finally making money after many years of not making money. So they don’t want to be bothered. Or may be it’s just a cultural issue. International companies appear to be more open to new technologies and working with a small company.”
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kolotv.com
biz.yahoo.com
Here is a photo of SulphCo's massive research facility
(scroll to bottom of page):
sulphco.com
Founder Dr. Rudolf "The Gunman" Gunnerman has a history of promoting
"free energy" schemes. About 10 years ago he came up with an-ultra exciting
process for mixing gasoline and water which, he claimed, would produce about
as much energy as the equivalent volume of pure gasoline:
keelynet.com
himacresearch.com
Needless to say, Rudy was not succesful in violating the laws of physics, and
the stuff coming out of your local gas station's pumps nowadays is - thankfully -
not comprised of 50% water.
Call me skeptical, call me crazy, but I've got a feeling that Rudy's
"sonocracking" technology is more succesful at lifting shares of Sulfco
(current market cap: $600,000,000 with the stock hovering at around $10 a share)
than lowering the sulfur content of crude.
finance.yahoo.com
Short 'em if you can find 'em. |
