Utah11 Jan 2021 20:33
Thanks for that update and now let’s look at the potential.
In Utah we have, I believe reading weeks back, there are potentially billions of barrels of recoverable fuel and using MSAR this can be produced at a very competitive price compared with the usual cost of mining oil sands in the traditional way. If, as I mentioned in an earlier post, not hard to find as I have rarely ever posted here, if a power station were to be built close to the Utah refinery where MSAR is being produced that burned the stuff with no damaging emissions, what little should come out can be easily controlled using carbon storage or whatever, electricity can be produced 24/7 and fed to the national grid. That would be easier, cleaner and more environmentally friendly than anything out there at the moment, it could also be used to produce blue hydrogen for use in cars or lorries etc, apparently it takes a great deal of electricity to manufacture. It would not have the historical downside that nuclear power carries and would certainly be cheaper than a nuclear power station. And there are tar sands in countries around the world. As with everything money and the making of it drives investment etc., it could happen and would be a massive move forwards in reducing emission which is what the world is seeking.
There are also many industries that use massive amounts of electricity, take aluminium, take the heating of homes, it would possibly be as green as solar panels. And it would be available 24/7.
Of course it would be a big plus for power stations and for those interested in the sludge that is the bi product of a barrel of oil read this.
https://www.tsijournals.com/articles/petroleum-sludge-its-treatment-and-disposal--a-review.pdf
Then of course we have the other options that are coming to the boil.
Five years from now we could be sitting on shares way above the pound that I forecast and now with Frankenstein fuels being outed who knows but has to be worth the punt.
Good luck to you all :-)
Sign In
Follow the stocks
