In the epic battle between OPEC and the U.S. for global market share – low cost producers should reap a stunning energy windfall.
We’re focusing on one little company – Petroteq Energy Inc. (TSX:PQE.V; OTCQX:PQEFF) – which is unlocking trapped oil in U.S. oil sands for costs as little as $22/barrel.
Technology is their key advantage. Their patented Liquid Extraction System is the first ever to generate production from Utah’s 32-billion-barrel heavy dry oil sands resource.
It extracts over 99 percent of all hydrocarbons in the sand, generates zero greenhouse
gases and doesn’t require high temperatures or pressures.
In Asphalt Ridge—Petroteq has an estimated 87 million barrels of oil equivalent worth $5.2 billion at today’s prices. The overall cost for production is expected to come in …View the full post at: The Revolutionary Company Looking to Produce Oil At $22 Per Barrel …
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