Saudi America – How New Tech Is Creating Another Oil Boom
Many oil companies have spent many millions of dollars trying to unlock this gem, but expensive steam injections weren’t efficient enough to make it competitive or economic, even if they had succeeded.
While steam injections cost $50 per barrel, the new technology lifts the oil at under $10 per barrel—an astounding savings, even if oil prices crashed to lows not seen since the late 90s …. http://www.zerohedge.com
Source: http://luismmx.blogspot.com/2017/06/saudi-america-how-new-tech-is-creating.html
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