Posted On: 09/28/2014 6:25:27 AM
Post# of 39368
My response to Doc on IFLUB...
Works great with sea water but that's not where the system will be utilized initially. The water purification system best services the reclamation of old oil fields where water disposal issue made profitability impossible.
There are roughly 1-2 million barrels a day in the US that can be reclaimed profitably by using the system at current oil prices.
If we take a 10% cut thesis, that's 12 to 24 thousand land based units unscaled. That would be 5 to 10 billion in sales out of the US alone. For that 10 billion spent, you'd get 40 billion in oil sales yearly.
The question is ramp on production and how quickly will the commercial oil industry makes that investment. Right now it's the small companies taking 5 or 10 units that's in play. What will drive this movement is it's cost effectiveness. It's way cheaper than new drilling.
Works great with sea water but that's not where the system will be utilized initially. The water purification system best services the reclamation of old oil fields where water disposal issue made profitability impossible.
There are roughly 1-2 million barrels a day in the US that can be reclaimed profitably by using the system at current oil prices.
If we take a 10% cut thesis, that's 12 to 24 thousand land based units unscaled. That would be 5 to 10 billion in sales out of the US alone. For that 10 billion spent, you'd get 40 billion in oil sales yearly.
The question is ramp on production and how quickly will the commercial oil industry makes that investment. Right now it's the small companies taking 5 or 10 units that's in play. What will drive this movement is it's cost effectiveness. It's way cheaper than new drilling.
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