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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: dvdw© who wrote (75712)	6/26/2011 1:23:41 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 217927

It is a truly interesting development. I heard of the technology, and also worked on financing such project on the more south side of the field discussed, but at the time it was the open pit technology which was not economical with coal and crude oil prices at 1/3 of today levels 15 years ago. More to mention Jordan has also huge oil shale deposits in their territory. All in all a great benefit for Europe and Japan removing them from dependence of Persian Gulf producers I only hope what is written is also true Vinegar boosted the bottom line by dropping the environmental damage. No open pit mining, no spent shale, no heavy tar to manage. In his pioneering approach, heated rods are inserted underground into the shale, releasing from it natural gas and light liquids. The natural gas provides the project’s need for heat; the light liquids are easily refined into high-value jet fuel, diesel and naphtha. The new bottom line: oil at a highly profitable cost of about $35-$40 a barrel and an exceedingly low environmental footprint. Vinegar’s process produces greenhouse gas emissions less than half that from conventional oil wells and, unlike open pit mining, does not consume water.