Industry News

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Technology

Industry Outlook

The United States has become increasingly dependent on imports to meet its growing petroleum needs. In 2005, over 65 percent of U.S. crude oil and petroleum products were supplied by imports, while natural gas imports accounted for 20 percent of U.S. total natural gas consumption. In recent years, the demand for petroleum and natural gas has been escalating globally as economies of developing countries are growing rapidly, mounting pressure on world energy markets and prices. Crude oil prices rose sharply in 2008 to almost $150 per barrel and then decreased dramatically (for the time being), exacting high costs for consumers, industry, and nations as a whole. Such volatility in petroleum prices combined with the extensive U.S. reliance on fossil fuels is testing the limits of our nation’s economic, environmental, and homeland security.

A more robust portfolio of domestically produced feedstocks for our nation’s energy and chemical supply must be found. Biomass resources are sustainable and offer an environmentally friendly feedstock which can contribute to diversifying our energy portfolio. Electricity, transportation fuels, chemicals, and materials currently produced from petroleum and natural gas can instead be produced from biomass resources. These resources include crops and trees; industrial, municipal and forestry residue; and byproducts from production processes in the agricultural, forest products, and pulp and paper industries. This prospect holds great promise for our economy and is critical for our strategic security.

World oil demand continues to increase with the U.S. leading the way. Continued economic expansion in populous countries such as China and India is further fueling this demand. Under President Obama the United States will make significant investments to diversify its portfolio of energy resources. Geographically distributed Biotricity Power Stations could produce a steady flow of biopower into the U.S. economy, reducing some of our reliance on petroleum imports and reducing economic insecurity from threats, both domestic and abroad.

Combustion Chamber

    Biotricity tests demonstrating biomass combustion with heat values in excess of
    1,000 degrees Fahrenheit.
"A new state-of-the-art power grid supports our goal to tap domestic energy resources, reduce our economically devastating dependence on foreign oil and improve the environment. We hope the public will join us in these important conversations about the future of our nation and the economic growth that will be possible when we stop sending billions of dollars each year to other countries for energy that we can produce here in the United States."
Boone Pickens
Certain statements may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.