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Genoil Inc GNOLF

Energy Oil & Gas Equipment & Services
Genoil Inc. is technology-based company engaged in the development of technologies relating to the oil and gas industry. The Company specializes in heavy-to-light oil technology, oil field development and exploration and production. It is a provider of hydro conversion fixed-bed technology for the upstream and downstream oil and gas industry. It is also working with Chinese policy banks and Chinese companies to provide, project financing, drilling, production, and processing services to the oil and gas industry. Its technology consists of Genoil Hydroconversion Upgrader (GHU), which converts sour (high sulfur), heavy hydrocarbon feed stocks into lighter oil with higher quality distillates for conventional refining. The Company is also engaged in other technologies, such as oil upgrading and recycling, water purification port technologies, well testing, and sand cleaning. The Company markets its technology to customers in the Middle East, Russia and China.


OTCPK:GNOLF - Post by User

Genoil Inc
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Comment by danrouon Jun 26, 2016 9:25am
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Post# 24999264

RE:Genoil's Position In The Market:

RE:Genoil's Position In The Market:So, roughly, the world will be out of light oil in about 10 years. Assuming it takes 3 to 5 years to complete a project, the future looks bright for us now.

What about the shale oil to be used as a replacement instead of heavy oil? There is about 5 trillion barrels of this stuff in the ground. How does heavy oil compare to shale oil (CAPEX, pipelines and refineries, environment & pollution, etc.)? 

Thanks.
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