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(UPDATE April 24th) [GM] Joule Creates Renewable Fossil Fuels At Unlimited Quantity. - Page 67

post #661 of 801
Quote:
Originally Posted by gildadan View Post

Being that this product is basically crude oil it would require refining to be usable for anything. This leaves the company at the mercy of the oil companies at least in the near term given that no new refineries have been allowed in the states for nearly three decades. So they would sell their crude to the oil companies just like any other oil producer which would in turn refine it into usable products. Gas price would remain unchanged as a result unless the price they sold it to the oil company for was really cheap. Which would be a stupid idea for a business to sell their product way under the going rate. Especially when they are going toi want to expand.
What will happen is this. They will start producing oil. They will contract with one of the major oil companies who will buy and refine the crude just like any other crude. The oil company will make a ruckous about how they are so amazing for using a fraction of oil produced from renewable resources and wave that banner all over creation like an idiot in hopes we will praise them.
Sadly the reality of cheap gas is not and would never be a reality because of the limitations in this country and probably of the company itself. Building a refinery is no small task. It is a very complicated and expensive undertaking. Right now they would not have the capital to do both even if they could do it in this country.

My understanding is that they are generating by-products like ethanol and other more-simple hydrocarbons that can be used for fuels--not crude oil.
    
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post #662 of 801
Does anybody know about the water requirements of this process? I have worked on a fuel from algae project before, and by far the highest cost was removing the water from the process. Fresh water is expensive and limited, I hope they have a way to concentrate the hydrocarbons without boiling the water off. Another thought is that this is obviously in the development stage, I would expect at least a 100% increase in efficiency as the process matures. Probably reduce the cost of production by 20 to 30 percent over the next 5-7 years. That is ~ $20/bbl oil, can you imagine what this will do to international trade if transportation costs drop to a sustainable and predictable level such as this? Global economic boom here we come!
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post #663 of 801
Quote:
Originally Posted by nmdehaan View Post

Does anybody know about the water requirements of this process? I have worked on a fuel from algae project before, and by far the highest cost was removing the water from the process. Fresh water is expensive and limited, I hope they have a way to concentrate the hydrocarbons without boiling the water off. Another thought is that this is obviously in the development stage, I would expect at least a 100% increase in efficiency as the process matures. Probably reduce the cost of production by 20 to 30 percent over the next 5-7 years. That is ~ $20/bbl oil, can you imagine what this will do to international trade if transportation costs drop to a sustainable and predictable level such as this? Global economic boom here we come!

You mean they'll be able to produce it at ~$20/bbl once it becomes more efficient? Because they already do... The last thing we need, also, is for this company to be in the national news to be honest. They already have everything they need, nothing but bad news can result from this being covered in the national media.
post #664 of 801
Quote:
Originally Posted by nmdehaan View Post

Does anybody know about the water requirements of this process? I have worked on a fuel from algae project before, and by far the highest cost was removing the water from the process. Fresh water is expensive and limited, I hope they have a way to concentrate the hydrocarbons without boiling the water off. Another thought is that this is obviously in the development stage, I would expect at least a 100% increase in efficiency as the process matures. Probably reduce the cost of production by 20 to 30 percent over the next 5-7 years. That is ~ $20/bbl oil, can you imagine what this will do to international trade if transportation costs drop to a sustainable and predictable level such as this? Global economic boom here we come!

If this takes off, the next wars really will be over fresh water.
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post #665 of 801
Quote:
Originally Posted by brucethemoose View Post

If this takes off, the next wars really will be over fresh water.

The next wars are already being quietly fought over fresh water dude. redface.gif
    
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post #666 of 801
Research into improving desalination technology will probably increase once freshwater supply becomes an issue for developed nations.
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post #667 of 801
i see it now cars with a little bacteria farm in them to produce fuel no more trips to the gas station airliners that can be in motion almost forever air travel is faster, more pollution as a by product but alot less drilling for oil millions loosing their jobs millions gaining jobs selling this goop. the question is where do the levels till more on the positive or on the negative side wait ten years and Pm me with the answer.
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post #668 of 801
You'll be decreasing the amount of CO2 in the air at the expense of higher levels of SO2 and NOx.
    
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post #669 of 801
Well, I'm ready to buy some stocks.
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post #670 of 801
Quote:
Originally Posted by intelfan View Post

You'll be decreasing the amount of CO2 in the air at the expense of higher levels of SO2 and NOx.

At a comparable or lower rate than current diesel engines?
Quote:
Originally Posted by redsunx View Post

Well, I'm ready to buy some stocks.

sign me up.
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Overclock.net › Forums › Industry News › Technology and Science News › (UPDATE April 24th) [GM] Joule Creates Renewable Fossil Fuels At Unlimited Quantity.