Earth Energy Resources Inc., a Canadian company has been granted a government's approval to launch the very first US oil sands project in a 62 acre pit in Uintah County, Utah.
The project would be able to produce 2,000 barrels of oil a day by extracting oil out of sands using a proprietary solvent. Earth Energy requires $35 million to fund the project.
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Energy singularity means a point where our source of energy is almost infinite, coming from the renewable sources and completely accessible to everyone on the planet.
