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View Full Version : Invention – How to turn coal into oil at low cost – Liquid coal at $30 per barrel


MasterOfPuppets
03-26-2012, 12:02 AM
of course the oil companies and their employees (congress) , will never let this see the light of day , i'm sure they've got paid experts loaded with excuses (environmental)
why this is a bad idea.

Oil is currently at $100 or so per barrel. The current reason for the high price is instability in Middle Eastern countries like Libya. In addition, demand for oil is increasing at a time when new oil discoveries are declining.
In the United States (and many other parts of the world), coal is abundant. What if coal could be turned into inexpensive oil, at perhaps $30 per barrel? That is the idea behind this invention:
Arlington scientists find way to make cheap gas from coal (http://www.wfaa.com/news/gasoline-84801677.html)
Researchers at the Unviersity of Texas at Arlington say they’ve found a practical way to make synthetic crude from inexpensive coal that’s common in Texas.
People have been turning coal into oil for 100 years or more, but researchers at UTA say they’ve invented a better way to do it.
It is so much better that they expect to sign a deal with an oil company within weeks.
“This is East Texas lignite coal. We go from that to this really nice liquid,” said Professor Brian Dennis of a light synthetic crude, easily refined into gasoline.
The article points out that a ton of coal costs $18. It can produce 1.5 barrels of oil. And one advantage of the process is that it can be done in small refineries, rather than having to build billion-dollar facilities.
http://blogs.howstuffworks.com/2011/03/02/invention-how-to-turn-coal-into-oil-at-low-cost/


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MACH1
03-26-2012, 01:25 AM
i think you have bigger problems with that than the oil companies.

http://t2.gstatic.com/images?q=tbn:ANd9GcQY1DmstgvI-iCu3FGvEsko_7Qbo_ojrpuPFjhSOs7SLfr6s66e7TQtj5MPyw