Oil shale and sand oil have long been thought of as the “alternative” petroleum product to oil as current sources dwindled. Getting the hydrocarbons out of the shale and sand, in an economical fashion, was the issue. It appears that this issue may be on its way to being solved, if it works as planned.
Global Resources Corporation, a global petroleum research, development, and manufacturing company, works to recover usable petroleum products from new and used sources. Using a patent pending microwave process, the company uses exacting radio frequencies to unlock hydrocarbons from material sources such as oil shale, sand oil, capped or stripped oil wells, tires and other sources of petroleum based products whether subsurface or recycled.
January 10, 2008 brought the first significant sale of the company’s technology to a Canadian concern (Warwick Communications, Alberta Canada.) The agreement has several components including: a value of approximately $25 million in direct machinery sales over the next five years, $2 million in stock from the customer with warrants and a twenty year working agreement. In return, Warwick Communications receives the five petroleum extractors and first rights for several countries, including Brazil and China.
Given that the 5 ton per/hr. hydrocarbon extractors are a first generation machine, the rest of the market for these types of extractors are extremely interested in seeing what sort of results actually occur. A solid performance could be fairly rewarding for the company as US governmental agencies estimate that there are sustainable reserves, in North America, of oil shale and sand for the next 400 years. Rewarding comes in the sense that the 400 year figure is based on daily US consumption of oil and the current estimate of $30 per/ton of oil shale processing. Additionally, the fact that this microwave process also works on several other petroleum based sources, such as tires, only adds to the outlook for petroleum production along the entire petroleum spectrum.
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