After decades of exhaustive attempts to overcome the dirty reputation of oil sands, we finally have an environmentally-friendly and low cost method to tap into these vast resources in the state of Utah—good news both for Mother Nature and all oil and gas investors. MCW Energy Group’s CEO,
former Exxon President of the Arabian Gulf region, Dr. R. Gerald Bailey,
tells Oilprice.com in an exclusive interview that his hunt for an
innovative technology that simultaneously makes money and cleans up the
environment is over. The race to capitalize on Utah’s vast oil sands
resources is on, and only the ‘clean’—both financially and
environmentally—will survive. Coming hot off of the successful launch of clean oil sands operations
in Utah, while other oil sands projects are under fire from protesters,
Dr. Bailey discusses:
• The difference between Utah and Alberta when it comes to oil sands resources.
• How new technology can—and is—extracting oil sands without harming the environment.
• Why the new technology is as much about remediation as it is about extraction
• How to create new revenue streams and use the resulting clean sand for other purposes.
• Why it’s finally possible to make money extracting oil from oil sands cleanly—despite the current world’s depressed oil prices...more
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