OriginOil CEO Reports On High Demand For Produced Water Treatment Services

Increased gas consumption, falling prices and regulatory pressures are pushing producers to treat and reuse water

Los Angeles, CA (PRWEB) - 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 as oil prices continue to fall, energy consumption increases — and water use. For every barrel of oil, the petroleum industry must handle eight barrels of water.

Increasingly, treatment and reuse is the money-saving option. That's why the global Produced water treatment market size is estimated to exceed $8.0 billion by 2019. The treated water can benefit drought-parched areas like California, and help the industry improve its image as a good neighbor.

The full report is now available on OriginOil.com's website at http://www.originoil.com/ceos-update/the-produced-water-tsunami.

Safe Harbor Statement: 
Matters discussed in this release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.