Enhanced Oil Recovery: Delaying the Catastrophe

Get this — On average, almost two-thirds of the original oil discovered in the U.S. still remains in the ground after conventional recovery operations. And the best part is because these are previously discovered fields, there’s exactly 0% exploration risk.

So how much crude are we talking?

About 200 billion barrels!
At today’s prices that’s close to $15 Trillion!
Take that to the bank!

As you can image, with oil prices holding steady above $70 a barrel, there is growing interest in extracting this dormant oil. And that’s where enhanced oil recovery techniques come in. When it comes to enhanced oil recovery operations, there are three major types: thermal recovery, chemical injection, and gas injection. Let me quickly tell you a little about each technique…

The End of Cheap Oil