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Read this morning that they have discovered oil in US [View all]
that is 3 times as much as all of OPEC has in reserves. This is in Utah/Colorado. This 3 times as much is the RECOVERABLE amount.
They are trying to use a HEATING device to loosen up the oil rather than chemical 'fracking'. Sounds great if they can get it to work.
The current fracking methods actually cost more than to pump out of the ground than what they can sell it for.
5 replies
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