Global Resource Pleased to Be a Part of Solution in President's New Oil Initiative
February 22 2007 - 9:46AM
PR Newswire (US)
WEST BERLIN, N.J., Feb. 22 /PRNewswire-FirstCall/ -- Global
Resource Corp. (OTC:GBRC) (BULLETIN BOARD: GBRC) is elated by
statements about national energy policy by President George W. Bush
in the State of the Union Address on January 23, 2007. President
Bush announced plans to raise capacity of the Strategic Petroleum
Reserve and to lessen dependence on foreign oil, namely OPEC
nations, and to provide for environmentally-friendly use of oil
products. Global Resource's technologically advanced patent pending
microwave technology has unlimited possibilities. Currently, there
are over 30,000 oil fields and 400,000 oil wells in the United
States. In those oil wells, approximately 35 percent of the oil can
be retrieved. Now, with the microwave technology developed by
Global Resources, a much higher portion of the oil can be used.
Recently, Global Resource teamed with two leading scientists:
Professor Dinesh Agrawal, Ph.D. and Professor George Semouchkin,
Ph.D. These two men will scientifically prove the technology is
successful in petroleum fractionalization, or cracking, of the
previously unusable crude in situ. By using a higher percentage of
the oil well, the oil wells become more efficient, thereby
decreasing the need for oil imports to the U.S. from OPEC nations.
Frank Pringle, CEO of Global Resource Corp said, "We are ecstatic
about any way we can be part of the answer in stopping dependence
on OPEC. For too long has OPEC kept the economy of America
uncertain." Furthermore, the patent pending technology is
environmentally friendly. The current method of cracking oil
requires running the oil over a heat source, which causes
emissions. Microwave technology uses no flame and therefore is
emission free. "Again," Pringle said, "we are on the forefront of
environmental oil technology. We can not only help stop OPEC
dependence, but help keep the air we breathe and the water we drink
a lot cleaner." About Global Resource Corporation: Global Resource
Corp. has a patent pending process that allows for removal of oil
and alternative petroleum products at very low cost from various
resources, including shale deposits, tar sands and waste oil
streams with significantly greater yields and lower costs than are
available utilizing existing known technologies. The process uses
specific frequencies of microwave radiation to extract oils and
alternative petroleum products from secondary raw materials, and is
expected to dramatically reduce the cost for oil and gas recovery
from a variety of unconventional hydrocarbon resources. GBRC's
technology will not only be developed to extract oil from shale,
but from depleted oil fields in the US and elsewhere, many of which
still contain more than half of the hydrocarbons originally in
these fields, because the residual hydrocarbons are too viscous to
extract with conventional technology. Contact: Global Resource
Corp. Phone: (856) 767-5661 Fax: (856) 767-5664 This news release
contains forward-looking statements regarding Global Resource
Corp's business strategies and future plans of operations. Forward-
looking statements involve known and unknown risks and
uncertainties. The forward-looking statements contained in this
news release speak only as of the date hereof and Global Resource
disclaims any obligation to provide public updates, revisions or
amendments to any forward-looking statements made herein to reflect
changes in Global Resource's expectations or future events.
DATASOURCE: Global Resource Corp. CONTACT: Global Resource Corp.,
+1-856-767-5661, or fax, +1-856-767-5664, or
Copyright