• Almost all oil and gas fields reside of feet underground.

• Almost all “newer” oil fields lie under the sea.

• Oil has to be extracted, processed, refined and transported over long distances.

• The entire oil value chain is built of steel.

Steel begins to corrode the day it is cast.

• The oil industry never grasped this profound risk as it built a house for oil out of steel.

• 100,000 individual oil and gas wells in

USA alone:
– Casing and tubing
– Wellheads
– Processing equipment and gathering lines
- 335,890 miles of pipeline in USA alone:
– Crude oil pipeline
– Natural gas pipeline
– Finished product pipeline
-Tank Farms: USA alone has 1,127.
- Refineries: World has 657 refineries. Finished petroleum products systems

This stuff needs to be replaced or repaired folks, and since the green era (alternative energy sources) is fast approaching, the world will needs to bridge the gap with fixing the broken down infrastructure for 15-25 years before that era come to pass. Exousia coatings, which actually reverse rust damage, could be such a product. Maybe Wayne can talk about this market at some point.