“Stranded” Natural Gas to Liquid Fuel, is it time?

Every day natural gas flares around the world burn off 10 billion cubic feet of energy–the equivalent of 1.7 million barrels of oil. A tiny R&D company in Tulsa, Oklahoma called Syntroleum Corp. claims it has refined a gas-to-liquids process to the point that it’s now cheap and safe, and can be used in the field to produce more easily transported fuels.

NZ Greens Co-Leader Jeanette Fitzsimons Full Speech: “Picnic for the Planet 2005”

Our civilization “is the first to develop a level of personal comfort that creates the illusion and the expectation that, thanks to our civilisation and our technology, we can forever conquer cold, hunger, pain, illness and eventually death itself. We have done this thanks to the use of one substance: oil.”

Dollar on an oily slope

The unabated rise of international oil prices and depreciation of the dollar will push economic growth in the US down to about 2.5% in 2005, but will have little impact on economic growth in the European Union, where growth is expected to accelerate modestly.