If you are one who is easily angered by consumer deception or fraud, you may want to save yourself some aggravation and read something other than this article. On the other hand, if you enjoy paying through the nose at the pump and want to know why, then by all means read on…

The ”Peak Oil” theory put forth a few years ago by unnamed executives in the oil industry suggests that the record prices we’re paying for petroleum products ranging from plastics to jet fuel, to motor oil, is because we have surpassed the point of maximum oil production on Earth, and now a shrinking supply should prepare us all for even higher pricing in the future. Although this argument is great PR for the oil industry, nothing could be further removed from the truth.

In reality, what has already been pumped out of our Earth by man over the last two centuries only represents approximately 20% of the total reservoirs on our planet as Chevron recently admitted and as the Wall Street Journal recently reported. This is a sore subject of public debate and is avoided like the plague. But anyone who has every spilled some oil in the driveway or garage knows first hand how oil is easily absorbed into even concrete and leaves an annoying stain for decades. The same principle applies deep down in the earth in the rock formations surrounding oil reservoirs. Even when that reservoir is supposedly pumped “dry”, vast amounts of oil remain – absorbed as far as 100 feet or more in all directions surrounding the cavity where oil once sat. In fact, geologists now generally agree that there is far more oil trapped in the surrounding formations than in the actual void on a scale of 6-8 to 1. That’s a heck of a lot of oil friends.

But oil trapped in rock 12,000 feet below the surface doesn’t do us much good. Enter Hobson Secondary Oil a small New Jersey company that can do some pretty big and impressive things when it comes to such a problem. Using patented technology that took the company a decade to refine they use a sophisticated rocket engine to inject huge volumes of super-hot steam into a “dry” well at pressures exceeding 3,000 psi and in less than a day, the recently “dry” well is flowing again, and capable of pumping out even more oil than the well produced before. It seems the hit steam and high pressures are sufficient to fracture the geological formations around the reservoir and releases all that trapped oil, which with a little help from gravity, accumulates in vast pools once again – ready to be pumped. Best of all HSO’s technology is 100% non-toxic and very green, releasing nothing harmful into the air. Even the exhaust gases of the rocket engine go down into the well.

HSO first patented their technology back in 1990 and have been refining it ever since and updating their patents. Although other company’s like Ivanhoe have been tinkering with steam injection they simply cannot match the depth, pressures, nor temperature of HSO. And in the business of secondary oil recovery, greater temps and pressures equate to higher and longer oil flow rates. More importantly the cost of an Ivanhoe steam generation plant starts at $200 million per well for a basic model which takes months to assemble at the well site and disassemble when the well is exhausted. Hobson’s unit is fitted to a truck, is 100% mobile, and costs less than a million dollars to produce. Being mobile, one truck can service up to ten wells per day assuming all ten were located within a fifty mile radius of each other. The savings and cost efficiency of the HSO equipment is substantial to the extreme.

With over 3,800 capped wells in North America alone, there is at the very least 50 Billion barrels of oil to be recovered in the next 5 years alone with HSO’s technology. And perhaps triple this amount over the next decade. This domestic oil production would eliminate our dependence on foreign oil, eliminate $5 per barrel in transportation costs and give us the security to tell OPEC to take a hike. Can it really happen? If enough investment capital is raised, HSO could be fully-operational in less than six months producing and leasing three to five trucks per month.

Currently HSO is taking offers from prospective joint venture partners and if a suitable partner with similar vision cannot be found, global licensing on a country – exclusive basis could ensue. This could spell R-E-L-I-E-F for all of us within the next year.

Will this save us a few bucks at the pumps? Certainly. But the new glut of oil created by HSO will pose a new crisis – refining capacity. Oil companies would actually have to invest a few billion of their massive profits and build one or to more oil refineries to save us more than a dollar per gallon. That’s a problem HSO can’t solve, but at least we know America has enough oil in our own back yard to fuel our nation for another 20 years.