Petroteq Energy Inc V.PQE.H

Alternate Symbol(s): PQEFF

Energy Oil & Gas E&P

Petroteq Energy Inc. is a clean technology company. The Company is focused on the development, implementation and licensing of a patented, environmentally safe and sustainable technology for the extraction and reclamation of heavy oil and bitumen from oil sands and mineable oil deposits. The Company's subsidiary, Petroteq Energy CA Inc. (PCA), is engaged in the business of exploring for, extracting and producing oil and hydrocarbon products from oil sands deposits and sediments located in the Asphalt Ridge area of Uintah County, Utah. The Company specializes in oil production with ancillary offerings in mining and sand remediation. The Company's clean oil recovery technology (CORT) is used at its Asphalt Ridge Plant to extract and produce crude oil from oil sands utilizing a closed-loop solvent-based extraction system.

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Petroteq Energy Inc

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Comment by BlueMetal75on Jan 06, 2020 9:37am

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Post# 30521508

RE:RE:My thoughts on what's next

Teakbois wrote: The higher the oil price....the sooner the recession!

Once again, you prove that you don't do your homework and have no idea what you're talking about.

The USA is now the largest oil-producing country on Earth (close to 13 million bpd), and is now actually exporting oil! So it's much more complicated than you imply. This is why the Fed has now said that higher oil prices no longer reduce GDP or harm the American economy...because the pain the consumer feels at the pump is offset by the hiring and rising wages in the oil production sector.

Ironically, this means a collapse in oil prices (say to $25 to $30) could well trigger a recession in the US! So get your facts straight before you post, will ya?

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