Greetings Economists,
On Apr 30, 2008, at 7:54 AM, troy cochrane wrote:
Has investment in unconventional oil sources - oilsands and shale
oil - increased over this period?
Doyle;
This is an example of research in this area -
http://www.physorg.com/news128692150.html
quoting -
"Profero Energy has financial backing from Newcastle-based venture
capital company Novotech Investments Ltd and is being watched with
great interest by the oil and gas exploration industry. With the price
of natural gas soaring in recent months, companies are becoming
increasingly interested in new technologies. "
...
"The discovery of how this process works could have major implications
for the oil and gas industry because we think we will be able to
extend the 20-30 year operating lifespan of a typical oil reservoir.
In North East England, similar processes may occur in abandoned coal
mines, opening the door to a possible means for recovery of the
region's extensive abandoned energy resources as clean-burning
methane, said Professor Head. "
thanks,
Doyle Saylor
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