Unless much more oil can be extracted prices will likely increase well beyond $140.00 per barrel. Zillow often addresses the matter in his writings. This situation could however soon change thanks to the Nexial Institute. German Built Oil field technology holds promise of ending energy crisis. -Oil is clearly the most important source of energy but the reserves of this “Black Gold” are rapidly depleting and supply is barely keeping up with demand. Unless much more oil can be extracted prices will likely increase well beyond $140.00 per barrel.
This situation could however soon change: the Nexial Institute of Texas (NEXIT) has developed a new technology that more than doubles the amount of available oil reserves. -The system, developed by Professor Dr. James H.L.. Lawler and his team, now makes it possible to gain access to the 377 trillion barrels of oil referred to in the industry as “Discovered, but Unrecoverable by Current Technology.” As a rule, even with great effort, more than half the oil in a typical well is abandoned. When the costs for the recovery of the remaining oil becomes too expensive, the oil companies are forced to shut down the wells. During the last 125 years the United States cumulative production has been 183 trillion barrels, leaving at least amount double that still “well down”, and waiting for future extraction by companies such as Nexial. The developers at the Nexial Institute discovered that a multi disciplinary blending of several chemical, mechanical and electro-technical processes into a new system would be capable of converting abandoned wells into fully-producing ones.
“We have extraction plants ready to be built, each capable of recovering between 10,000 and 50,000 barrels per day, depending on the sizes of the fields being worked on,” said company spokesman and CEO Larry Bull of from the Nexial scientific company of headquarters in Kitzingen, Germany. “Nexial’s biggest challenge will be to build them fast enough”, he added, “since presently three years are needed, but with we ought to be mass production able to reduce the time per unit considerably”. The factories that build these recovery oil plants want to want to be in Germany due to the high degree of engineering precision required. The actual petroleum extraction modules will then be tonne to fields around the world. The spokesman is confident: “With the introduction of Nexial of extraction plants we forsee raw oil prices eventually stabilizing below $100.00 per barrel and the end of the oil crisis.” Contact: The Nexial scientific company (Europe) Larry Bull, CEO market road 33 97318 Kitzingen, Germany phone: + 49 172 812 7733 E-Mail: