by Tanada » Tue 08 May 2007, 18:36:59
Its all well and good to talk about 4 trillion more bbls being beneath our feet if we want to pay the price to extract it, but IMO that ignores both the energy and funding which would be sucked out of the economy to pay for everything else under the sun.
If you use wind or Fission or Solar PV electricity to manufacture an artificial fuel you have to put in time, energy, and complicated chemical processing to undue the combustion which got you to this point. You can do this, and in theory you can scale up the plants to manufacture as much synthetic fuel as you care to make, but it won't be cheap and at best it will be an energy storage and transport system like the Ammonia IC engines we discussed a few times in the last couple years.
The simple fact is, no matter what scheme you come up with nothing will ever give you the small package convenience coupled with the energy density of Petroleum. Fission has more energy but requires much more complicated systems to safely extract work from that energy. Solar and Wind are free, but diffuse and low density compared to Oil. Geothermal and Hydroelectric are capital intensive and in some circumstances can have a high payoff, but require a long payback period compared to a 1954 or even 1969 era Oil Well.
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.