Energy has seen some big changes in the last few years.
Coal has stumbled. Renewables have surged. Oil fell hard, then spent years clawing its way back up.
But the biggest change in energy has been in tech.
The shale revolution unlocked millions of barrels that had been trapped away in shale deposits for decades. Today, increased automation at drill sites has allowed frackers and shale drillers to drastically cut costs.
Newer, more sophisticated computer systems have allowed exploration/production companies to earn more from less. Blockchain platforms are streamlining supply chains and cutting out middlemen.
The future of energy belongs to new tech, and investors hoping to score should look to these exciting new firms for some of those solutions.
#1 Oil Production…Without Any Greenhouse Gases
Oil demand has never been higher. Around the world, global hunger for fossil fuels grows and grows…but what about the environmental cost?
Petroteq Inc. (OTCMKTS: PQEFF) has a solution: a patented form of oil sands extraction that leaves no waste requires no high-temperature liquids and produces no greenhouse gases.
The company has set up a new extraction plant at its property at Asphalt Ridge in the oil sands of the Uintah Basin in Utah. Petroteq hopes to produce 1,000 bpd in 2018 and double that next year.
The company uses a proprietary closed-loop extraction system that is focused on oil sands exploitation—a field of oil and gas extraction that has been neglected lately, associated with high costs and tremendous environmental waste.
But the closed-loop Petroteq system leaves out all waste, ensuring that no harmful hydrocarbon vapors escape during extraction. The process is clean and, more importantly, inexpensive.
After two years of hard work, Petroteq is ready to take its first steps into full production. And their technology is already proven in test results! Petroteq has extracted 10,000 barrels of oil at their original plant.
