This bill launches huge spending on what many call Blue Gold — the water none of us can do without.
Los Angeles, California (PRWEB) August 27, 2014
OriginOil Inc. (OTC/QB: OOIL), developer of Electro Water Separation™ (EWS), the high-speed, chemical-free process to clean up large quantities of water, announced today that in a letter to shareholders, CEO Riggs Eckelberry reported that California's extreme drought could worsen if this year's El Niño weakens or never appears.
The situation spurred bipartisan action in Sacramento, where California Governor Jerry Brown just approved a $7.5 billion dollar bond issue to address water issues.
Eckelberry also reported that OriginOil and its partners are preparing to benefit from portions of this bond issue, with an industrial demonstration system already processing Bakersfield-area frack and produced water.
In response to industry requests, Eckelberry also said that the company plans to take a demonstration system on the road starting as early as September.
The full report is now available on OriginOil.com's website at http://www.originoil.com/ceos-update/the-horrendous-california-drought.
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