RE: What does Schaeffer know ???As reluctant as I am to agree with Oiler I beieve he is right again, unfortunately
HAving read Schaeffer's promo writeup it would appear to me he is referring to hydraulic fracturing rather than Wavefront technology. Read the last para.
Be quite happy to be wrong. There is a possibility that Wavefront might compliment Hydraulic fracturing which be the ideal situation.
Guess we will know for sure when his rReport comes out in Aug
“New drilling technology has opened up drilling for oil and gas in complex rock formations, including shale, which were previously uncommercial.”
-- Reuters, January 21, 2010“The oil and gas industry has used hydraulic fracturing…more recently…to tap unconventional sources of oil and natural gas, like coal bed methane and shale gas.”
-- New York Times, February 22, 2010“Over the past five years the combination of two technologies has transformed the energy market in the United States and now threatens to do the same elsewhere in the world.
“The first new technology is horizontal drilling, which allows one vertical well to tap widely into a whole layer of oil or gas. The second is hydraulic fracturing, or "fracking," which involves pumping mixtures of water and chemicals into certain rock formations, particularly shale rock. This breaks up the shale to release the oil and gas that had been trapped in the rock.
“This "fracking" is a game-changer, unleashing our access to oil and gas that were hitherto out of reach. In June 2009 the U.S. Potential Gas Committee reported that advances in extraction technology meant they could estimate U.S. gas reserves as being 35 percent higher than they were in 2007.”
-- United Press International, February 1, 2010