News End-User News UT Arlington Researchers' Work Could Lead to $35-a-Barrel Oil
UT Arlington Researchers' Work Could Lead to $35-a-Barrel Oil
Monday, 29 June 2009 11:37
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After a year of trying, University of Texas at Arlington researchers say they have succeeded in producing Texas intermediate-quality crude oil out of lignite.

 

In a few years, the researchers predict, their discovery could lead to oil that costs $35 a barrel instead of the current $65 to $70.

 

Source: Dallas Morning News

 

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