Please click on the above picture to watch the video presentation of Canadian oil company Petrobank.

THAI seems like a pretty straight forward method for extracting many billions of barrels of heavy oil from underground reservoirs, while at the same time making it into to a lighter, more useful, grade of oil.  Perhaps projects like this make oil an energy not just of the present but of the future by greatly increasing the world’s known reserves.  Canada is second only to Saudi Arabia in oil reserves.

Disclosure: I have a position in Petrobank.