pstarr wrote:This is because natural gas is not liquid petroleum and never will be. Schemes to export and control this wealth are doomed to fail because of a simple physical fact. Like information on the internet. . . gas wants to be free. Just as the hydrogen economy is a figment of the techtopian imagination so to is a natural gas substitute. Petroleum is a liquid and benefits from that property--it sinks to the ground and stays in place, yet flows by itself without much resistance. You can not say the same about coal or natural gas.
I mean seriously, do you deliberately plan out for maximum effect the appearance of nonsense, or just stumble into it naturally?
First, the obvious ( and another warning for high school seniors, pick your college carefully before you invest 6 years only to discover that they just wanted a paying seat )
http://www.qp.com.qa/qp.nsf/web/bc_new_projects_gtl
And now, lets run through a basic math exercise.
It takes 1000 standard cubic feet of natural gas to make 1 mcf. Natural gas being primarily composed of various carbon and hydrogen combinations, a lengthy explanation of which will not help those already critically limited by their education.
The few GTL projects I looked up are creating liquids from natural gas at the ratio of approximately 10 mcf = 1 bbl liquids, tailored for maximum efficiency of the feedstock stream I imagine. The EROEI is less than 1 of course, so undoubtedly the people investing money to make this happen should stop immediately.
Natural gas is selling at about $3.80/mcf today, oil in various shapes and sizes for September delivery is about $68/bbl today.
Now for the math part...PStarr, round up a 3rd grader to help you out here.
I take 10 mcf at $3.8/mcf and I make one barrel of liquids for a cost of infrastructure + $38.00 of feedstock + operating costs. I sell the resulting liquid for approximately $68 ( yeah, I know it isn't WTI but its good, good stuff when you can design the liquids and anyone here who has taken an organic chem course knows it ).
So now for the tricky question, now that we are completing a <1 EROEI process with quite a reasonable chance of a profit, how much of the thousands of years of methane and natural gas should we convert to liquid fuels to comtinue BAU? Enough for another few decades of happy motoring? A century perhaps? Maybe 2?