Jim Letourneau's Blog

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Game Changing Petroleum Technologies

A nice piece on BNN talks about 2 game changing technologies, multi-stage fracturing in horizontal wells and pulsed injection. These innovations are going to make a big dent in the forecast decline rates of the world's hydrocarbon supplies.

Former UK Energy Secretary Lord Nigel Lawson has pointed out that in the 1980's we were faced with only 40 years of oil... today (20 years later) we are still faced with the "problem" of  a 40 year oil supply.

Watch the video