Re: [Pen-l] Peak oil

[Doyle Saylor <doylesaylor@xxxxxxx>]

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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