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sufscam
1 Comment
Saving SulphCo From Investor Confusion
Some of you have no clue what you are investing in.
One problem with heavy oil (<22 api)is that it won't flow through the pipes. SUF can't help there because they only raise API 1-3 degrees. Another problem is that many refineries can't process sour oil (over 1% sulfur). Much of the ME oil is around 3%. SUF claims to reduce sulfur 10-25%. Very little help. The original attraction with SUF was based upon the lie that they could reduce sulfur by 50% for about 25 cents a barrel. Now we're looking at as little as 10%. Does that 25 cents include all of the costs of financing the process, maint, etc?? Can SUF make 3.50 a barrel for 1-3 API and 10% increase... I doubt it.
Genoil just finished testing Chinese heavy, certified independantly and by the Chinese... results.. Increased APi from 12 to 30 and reduced sulfur by 92%. They took heavy/sour and produced light/sweet. The diffential is over $20 barrel after all costs. The refinery is contributing 20% of the cost and the Chinese look as if they will finance the rest.
How much is this SUF "customer" contributing... $0!!!! No risk! No agreement to do anything. It's a free trial. How many free trials before they go broke?