Oil prices have hit another record high today. Today, gas it is about $3.40/gallon. It is out of control. We need to start improving our dependency issues immediately. I wonder what the government is waiting for.
EX mobile, Shell and BP have spent millions of dollars in lobbying. They are not interested in investing new technology to get liquid fuel. With the large amount of oil reserves available, oil companies are happier than ever. I did some research on it, and I found out that oil scarcity is not the problem. The problem is we can not produce oil fast enough. The oil plants are already at 100% capacity. Oil plants can charge whatever price they want because they know people in the States will pay for it.
Why not use coal to get oil? Nazis Germany invented in this technology in the 1920s to get liquid fuel from coal. The process is very simple: put coal through gasification to get carbon and hydrogen. With carbon and hydrogen, we can make any liquid fuel we want. Why not start doing it. The United States has the largest oil reserves in the world. We have enough oil reserves to last the nation 250 years. Montana was able to produce liquid fuel from it back in 2005. The oil made from coal will have a cheaper price.
Some people argue that coal-derived-liquid fuel will produce more carbon dioxide than other energy. It is true. However, that amount of carbon dioxide is not enough for us to worry about. For now, since we don’t have any other solutions available, we should use coal for a short-run. Perhaps the reason this is not being done is because of the lobbying money the government receives from oil companies. We need to our government to take actions on behalf of its citizens needs.
http://www.energybulletin.net/1253.html
http://www.cbsnews.com/stories/2006/01/20/60minutes/main1225184.shtml
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