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chapter 11
Synfuels Again?
We have a vast, untapped oil resource right here in the West that could produce more oil than the Middle East.
—Senator Orrin Hatch, 2005
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Importance: Big Oil would love to "solve" the energy security problem by producing synfuel, but this solution would almost certainly be terrible for the environment.
Main Ideas:
• The U.S. has twice as much profitable synfuel as Saudi Arabia has oil.
• Total profits could easily reach $10 trillion.
• Without carbon capture, this could be a huge source of CO2 emissions.
• The departments of Energy, Interior and Defense are cooperating on synfuel.
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http://stoft.com/p/43.html | 01/06/09 03:44 GMT
Modified: Mon, 05 Jan 2009 05:37:33 GMT
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Look Inside on Amazon
China has nixed caps for 15 years. Kyoto is stuck. Addiction continues. OPEC will soon return.
Environmental & energy-security forces distrust each other.
Carbonomics shows the policies of cooperation, the only path to success.
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