Timeless Capital Corp V.TLC

RE: RE: RE: RE: march 2011 Just the facts

[satongcollector]

.Another interesting day in paradise......
.nice to see an increase of .02 on 671,715 volume.....
.seems like the buy to sell ratio has picked up...
.its a matter of time before we head up to a new base.....this one is getting pretty stale...
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The growing demand for energy is expected to exhaust the world’s crude oil reserves in another 40 years. The market price of crude oil reached $145 per barrel in the third quarter of 2008. Though the cost per barrel was around $60 in 2009, it is expected to rise in the next few years. These factors and fluctuating costs have created the need for other resources to meet the growing demand for fuel oil.

Global oil shale resources can supply more than 2.8 trillion barrels of nonrenewable energy. This is almost three times the capacity of crude oil reserves. Currently, the cost of retorting oil from oil shale is higher than the cost of crude oil production. Although this factor has kept many companies out of the market so far, cutting-edge research is now being undertaken across the globe to reduce the cost of production. One such study by Shell seeks to cut production costs to less than $25 per barrel. These developments within the oil shale industry can soon open up tremendous market opportunities for all the industry stakeholders. In addition to the extracted fuel oil, oil shale yields several other sub-products like lubricating oil which also possess huge market potential.