Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Aiming to Revolutionize Oil Industry with Novel Heavy Crude Extraction Process
Petroteq Energy is developing an oil extraction technology that has the potential to follow fracking as the “next big thing” in driving America’s energy independence Petroteq is developing its proof-of-concept extraction process in Utah’s east desert and recently established a benchmark for continuous production with the environmentally friendly technology The company began selling oil regionally in November and is building its heavy oil production to 1,000 barrels per day The oil and gas industry has long worked to successfully manage profit margins while keeping the nations’ transport systems humming through the continual high and low fluctuations of global crude supply…