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Article: GETTING AHEAD
- Article from:
- The Record (Bergen County, NJ)
- Article date:
- January 22, 2008
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The Record (Bergen County, NJ)
01-22-2008
GETTING AHEAD
Date: 01-22-2008, Tuesday
Section: BUSINESS
Edtion: All Editions
Column: GETTING AHEAD
deals
Technology could unlock new oil supply
BOSTON — A major defense contractor is selling technology to a large oil field services company that hopes microwaves will someday become a key tool in unlocking the vast but hard-to-extract oil reserves in the West's underground shale deposits.
Much as a microwave oven heats food, Raytheon Co.'s technology relies on microwaves to generate underground heat and melt a waxy substance in the shale called kerogen so that it can be converted into oil. Carbon dioxide heated and pressurized into a liquid form ...