Thursday, February 21, 2008

Oil from coal

China will open a chemical plant to produce oil from coal:
The Guardian
Recall that the oil:coal price ratio has increased by a factor of six or more during the last decade. It is very clear that such things should certainly be pursued even though I guess that the environmentalists might prefer a shining example of Haiti and Somalia.

Thank you, I prefer up to 6 °C of warming.
Coool pictures: A waterfall or, more precisely, an ice-doesn't-fall-because-it-is frozen, and three more recent freezing pictures...
The article indirectly indicates that the oil produced in this way could cost as little as USD 40 per barrel or less. That's pretty good now when the oil price is above USD 100, 25% above the USD 80 price first reached in September 2007.

In 2004, we also talked about the USD 15 per barrel oil produced from things like turkey guts ;-) but I don't know what happened with this particular technology. On the other hand, I can tell you that the German biodiesel industry has finally collapsed. Thanks Gott. ;-)

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