This document summarizes microemulsion technology and its application in oil extraction. Microemulsions are thermodynamically stable, transparent systems containing oil, water, surfactant and co-surfactant that form spontaneously. They have droplet sizes below 100nm. Microemulsions can extract oils using less hazardous solvents than conventional methods. Winsor classified microemulsions into four types based on phase behavior. Microemulsions can be prepared by phase inversion, where the emulsion type changes with temperature or composition changes. Microemulsions provide an efficient approach for oil extraction from oilseeds with benefits over conventional extraction techniques.