"We need policymakers to come together, agree to reduce deficits ... and put our national debt on a downward sustainable path as a share of the economy."
Just for the sake of argument: It’s possible to create gasoline from any hydrocarbon feedstock (wood, cow shit, OSB scraps, rice hulls, sugar) for about $12/gallon. At 42 gallons of gas/jet fuel/diesel/kerosene per barrel of oil, that’s roughly $504 of finished product per barrel (@ $12/gal).
That means $50 billion would get you about 100 million barrels of synthesized oil. Since the US consumes about 20,000,000 barrels of oil per day we’d be able to synthesize 5/7ths of our oil consumption from waste biomass for that $50 billion per week. Food for thought.
wouldnt it be pretty expensive to bio-convert plants/animals into fuel. instead of just extracting it from the ground. and not even including extracting it from things like corn.
Just for the sake of argument: It’s possible to create gasoline from any hydrocarbon feedstock (wood, cow shit, OSB scraps, rice hulls, sugar) for about $12/gallon. At 42 gallons of gas/jet fuel/diesel/kerosene per barrel of oil, that’s roughly $504 of finished product per barrel (@ $12/gal).
That means $50 billion would get you about 100 million barrels of synthesized oil. Since the US consumes about 20,000,000 barrels of oil per day we’d be able to synthesize 5/7ths of our oil consumption from waste biomass for that $50 billion per week. Food for thought.
But how much profit would that generate for shareholders? /s
wouldnt it be pretty expensive to bio-convert plants/animals into fuel. instead of just extracting it from the ground. and not even including extracting it from things like corn.
About $12/gallon. If you count the real cost of oil (forever wars, climate catastrophe), it’d be more than that. That’s my point.
Ah, your brain works like mine, it see the simple math everywhere.
That’s when we get into greenhouse effect, climate change, sea-level rise al brought to us by fossil fuels.
If they use plants, then it can be recently sequestered CO2, breaking even.