Contrary to trending belief, we don’t see oil on the verge of disappearing in favor of alternative energy sources. In fact, it’s just the opposite. We’re on the cusp of what could be the most exciting frontier for oil yet: What we at Engineered Salinity (ESal) describe as The Oil Field Of The Future.
Magazine Article: Hart Energy, “How to Recover Up to 50% More Oil from Formations”
As we see the news from the Middle East that there will be reductions in production through the end of this year, the projections are that oil prices will skyrocket past $100 per barrel. The mindset of some in the industry may be, “It doesn’t matter how high oil goes. People will still buy it because they have to buy it.”
Well, yes and no.
Enhanced Oil Recovery And Wettability Alteration Experts. Extract an additional 5-15% more of the original oil in place.