August 24, 2011

TomCo Energy and Shale Oil

TomCo Energy, out of London, has awarded contracts toward pulling oil out of shale in Utah.

With total reserves estimated at up to 1.3 trillion barrels,  and ultimately recoverable reserves of 800 billion barrels or more , this formation holds three times or more the amount of Saudi Arabia's proven reserves.  Unlocking this formation would change the energy outlook of the nation – and of the world – for a century or more.


No comments: