TV News LIES

Tuesday, Nov 25th

Last update10:57:29 PM GMT

You are here News Energy Using Solar Power to Extract Oil

Using Solar Power to Extract Oil

E-mail Print PDF

Using Solar Power to Extract OilA California company has begun using solar power to squeeze oil out of an old oil field, flooding the underground rock with steam that comes from the sun’s heat instead of from burning natural gas.

The technique was tried in the 1980s by the Atlantic Richfield Company, but GlassPoint Solar, of Fremont, Calif., which cut the ribbon on a pilot project Thursday, says its plant is the only one of its kind now operating. Other companies have discussed such projects.

The process is cheaper than using natural gas, even at today’s depressed prices for that fuel, and trims the carbon footprint of the gasoline, according to GlassPoint. The pilot plant, completed in January in Kern County, is very modest, occupying less than an acre and producing only about a million B.T.U.’s per hour. But the company says it could quickly be replicated on a larger scale and could eventually displace 80 percent of the natural gas used to produce a barrel of oil.

GlassPoint said that at a full-size plant, its technology could produce steam at a cost of $3 per million B.T.U., compared with a market price of gas today of around $4 per million B.T.U.

Whether GlassPoint can get that far remains unclear. The company has no track record in the oil industry and has had three different business strategies in less than two years. Formerly known as CleanBoard, GlassPoint changed its name in October 2009 when it abandoned plans to use a solar-powered factory to make gypsum-based wallboard and said it would work with other wallboard manufacturers. Last year, it refocused its business yet again on using solar power to extract oil.

More...


Most Recent Related Stories...


One dead in Gulf of Mexico rig accident

Oil rig explosionThere is no pollution associated with an explosion on a drilling platform about 12 miles off...

PlayStation 4 And Xbox One Are Energy Hogs

playstation and XboxFor all their graphical improvements and multimedia functionality, there's one place where Microsoft's Xbox One and...

South Korea shuts down nuclear reactor after crack discovered

S Korea nuclear reacgtor shutSouth Korea shut down one of its nuclear reactors Friday after a crack was detected in...

EU court backs ‘right to be forgotten,’ orders Google to take down links

GoogleEurope’s top court struck a blow for the "right to be forgotten" Tuesday, ordering Google to...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!