Global Resource Corporation (GBRC.PK) reports that the Company was recognized by the United States Department of Energy, as a company that may one day unlock billions of barrels of energy from domestic United States deposits.
Patent pending gasification technology, developed by engineers at Global Resource, is applied to various materials to unlock energy in the form of oil and gas, and this technology, when commercialized, may succeed in satisfying domestic energy consumption.
The Department of Energy issued a report on Wednesday, June 20, 2007, identifying 25 companies that possess unconventional fuel production technologies.
The report includes a profile on Global Resource and its energy production technologies, which can potentially unlock billions of barrels of oil from various oil shale, tar sands, coal and capped oil wells located in the USA.
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