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Page added on July 29, 2009

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New technology aimed at increasing oil production

HOUSTON

If oil companies could recover 50 percent of the crude in their fields instead of 35 percent, it would double the world’s proven reserves of about 1.2 trillion barrels, the IEA says.

Though it could take a couple of decades to reach 50 percent, even a modest increase in the amount of oil recovered in coming years will alter the debate about peak oil



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