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Oilprice.com took a look at some of the best buys in nanotechnology for energy investors, noting that nanotechnology has plenty of applications in the energy space. In particular, the publication noted that nanotech can be extremely helpful when it comes to fracking.
Oilprice.com took a look at some of the best buys in nanotechnology for energy investors, noting that nanotechnology has plenty of applications in the energy space. In particular, the publication noted that nanotech can be extremely helpful when it comes to fracking.
As quoted in the publication:
A number of applications in the energy sector are already in development. In particular in the fracking space, nanotech can be very helpful. One of the fundamental challenges in fracking is getting as much oil out of a well as possible. Oil is “thick” and so, when it is being withdrawn from a well, it tends to coagulate around the sides of the well resulting in a type of dendritic stick jump behavior.
In other words, a lot of excess oil is lost on the sides of the well and becomes difficult to recover – sort of like the thin film of milk on the side of a glass. Nanotech films in wells can help to offset this. Similarly, in fracking, nanotech can help with can help with creating more effective forms of fracking proppants.
In particular, Oilprice.com pointed to 3M (NYSE:MMM) and FEI Company (NASDAQ:FEIC) as its top nano picks for energy investors.
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