Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Oil Sands Technology Set to Unlock a Trillion Barrels of Oil Locked in U.S. Sand and Shale
Hydrocarbons projected to continue supplying world’s energy needs in near future U.S. oil sands & shale reserves estimated at two trillion barrels Extraction technology could play vital role in U.S. oil sands & shale industry The days when the U.S. economy depended on Middle Eastern oil are history. Now, just 17 percent of the approximately 10.1 million barrels per day (MMb/d) of petroleum imported comes from the Persian Gulf, according to the U.S. Energy Information Administration (http://ibn.fm/W27Sd). Although still a net importer, the U.S. in recent years has become a large supplier as well, exporting about 6.3 MMb/d of petroleum…