It is Possible to Replace Crude Oil with Synthetic Oil
http://oilprice.com/Energy/Crude-Oil/It-is-Possible-to-Replace-Crude-Oil-with-Synthetic-Oil.html
Dec 12, 2012, 4:57 PM CST
A team of Princeton researchers led by Christodoulos Floudas, a professor of chemical and biological engineering at Princeton, evaluated scenarios in which the United States could power its vehicles with synthetic fuels rather than relying on oil. The team’s conclusion is the U. S. could eliminate the need for crude oil by using a combination of coal, natural gas and non-food crops to make synthetic fuel.
. . . . (Skip a bunch) . . .
“Even including the capital costs, synthetic fuels can still be profitable. As long as crude oil is between $60 and $100 per barrel, these processes are competitive depending on the feedstock.”
>>>
(Entire article is at the link. Zim.)
Personal note :
If the price of oil went high enough . . .
And the U.S. went all out to go 'synthetic' . . .
OPEC could (and probably would) flood the market
with cheap oil and bankrupt the synth-oil companies.
Should we be doing low level R & D on it? Yes.
Zim.
Mad Poet Strikes Again.
| 