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Ha Ha  please just read how much money is been spend on all the different Oil projects around the world. New pipelines new oil fields, new oil producing countries. And we all think that we will be driving the Green Cars next year I don’t think so, the people who spend the money now on new oil infrastructure will make sure that we will use their products. Unless all this oil will be shipped to China I don’t see it happening soon
You have to understand that the government thinks that we are all stupid so they tell us one thing like Change, Green Revolution, Shovel ready Jobs, to make us happy and make us think that they are working for us, but in actuality they are not

http://www.ogj.com/index/blogs/oil-diplomacy/blogs/OGJ/oil-diplomacy-blog/post987_5593719610049370902.html

 

Does the 'Alberta Clipper' really threaten Obama's green image?
The Financial Times reports that the Obama administration faces a "test" of its environmental credentials in deciding whether to approve a pipeline carrying oil sands fuel from Canada into the US.

“Hillary Clinton, secretary of state, is expected to decide as early as this month whether to approve the Alberta Clipper, a 1,000-mile pipeline designed to carry up to 800,000 b/d of fuel from Canada's vast oil sands,” the FT says.

The newspaper cites environmentalists who say that Clinton’s approval of the pipeline project would be “at odds” with the “green economy” pledged by the Obama administration.

"Approving new mega-projects like the Alberta Clipper pipeline would lock North America into the old, high-carbon energy economy," said Keith Stewart, director of climate change at WWF-Canada. "We need to invest in the green economy of the future, not pour billions into the Betamax of the energy world."

But Enbridge Energy, the Canadian pipeline builder, said the pipeline and associated facilities "will serve the [US] national interest ... enhancing the ability to deliver a secure and growing supply of Canadian crude oil, thereby supplementing the diminishing supplies of domestically produced crude oil.”

How do you see this issue? Is it as black and white as the Financial Times suggests? Or are there shades of opinion that the newspaper has overlooked? In the end, does it even matter if the decision is “at odds” with the administration’s so-called “green economy”?
 

Originally posted by endman more of the same Share Comments 11 At $80 a barrel, an excess of one billion dollars a day is being lifted from the pockets of the American consumer through higher gas prices, heating bills, and lost jobs because of higher industrial feed stock costs, all of which is going into the pockets of oil interests and, most ominously, to foreign suppliers, many of whose policies present us with grave national security concerns.

$28.84 a barrel Gas from Coal.

I read this but haven't studied if it's really going to work in large scale as I've spent zero time researching it.

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ARLINGTON - How would you like to buy gasoline made from $30 domestic coal versus $75 imported oil?
Researchers at the Unviersity of Texas at Arlington say they've found a practical way to make synthetic crude from inexpensive coal that's common in Texas.

-Snip-

They only showed News 8 an early model reactor which doesn't look like much. The current reactor design is secret, extremely efficient, and emits no pollution, the UTA scientists said.
"We're improving the cost every day. We started off sometime ago at an uneconomical $17,000 a barrel. Today, we're at a cost of $28.84 a barrel," said engineering dean Rick Billo.
That's $28 a barrel versus $75 we pay now for imported crude.
Texas lignite coal is dirt cheap - less than $18 a ton. A ton of coal will produce up to 1.5 barrels of oil.
UTA researchers expect micro-refineries to be built within a year, turning coal into cheap oil and producing new jobs.
It's still fossil fuel, but scientists say it could bridge the gap until greener technologies catch up.

http://www.wfaa.com/news/technology/gasoline-84801677.html


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Note in this article: A 42-U.S. gallon barrel of crude oil yields between 44 and 45 gallons of petroleum products. <--- Start with 42 gallons and end up with 44 to 45 :)

http://tonto.eia.doe.gov/energyexplained/index.cfm?page=oil_home

.From Nov. 2009

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