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.
People have been turning coal into oil for 100 years or more, but researchers at UTA say they've invented a better way to do it.
Guinness wrote: If you compare it to a person taking on a mortgage at a salary multiple of 3 over a 25 year term, the following is an exhaustive list of countries that we can reasonably expect to pay their debts as they come due:- Oman.
Neil wrote: SJ John, that's great, but remember that we still have plenty of Undeveloped Domestic Oil Resources (DoE) of around 400 billion bbls, if only they[it?] could be extracted & refined competitively & w/ less hindrance from Earth worshippers.
Oh, I'm definitely a "drill, baby, drill" guy when it comes to domestic oil production. If only we would do so, we could reduce our dependency on foriegn oil--and possibly even sell some to China and reduce our trade deficit with them. If only enough Amercans were smart enough to realize this and similar possibilites we would be SO much better off financially.
prince charles wrote: do people in america think that america is going to go bankrupt ? or do they think other countries will ?
In regards to your tangential question a good guide might be the public debt:GDP ratio.
If you compare it to a person taking on a mortgage at a salary multiple of 3 over a 25 year term, the following is an exhaustive list of countries that we can reasonably expect to pay their debts as they come due:-
Oman.
Everyone else is overmortgaged and expecting their children and immigrants to pick up the tab:- http://en.wikipedia.org/wiki/List_of_countries_by_public_debt
Iceland was one of the "better" placed countries in 2008 with a ratio of 23.0. Unfortunately they went bankrupt in 2009. Latest ratio is 100.6, even higher than the US' 83.4.
Of course, by implication there are those players who hold all the debt and can therefore toy with these governments at will ....
How to become a "media scientist?" My guess: call a contact at a local TV station. I imagine the reporter supposes that Texans would be mighty interested in developments relating to petroleum technology.
Some states like mine are already going bankrupt, unless they successfully cut expenditures to the bone. But at the national level? Perhaps, but it depends on what foreign creditors are willing to put up with. I expect no serious economic improvement until investors are confident they won't get shaken down by Congress & the White House.
BTW, the US had serious money problems after 1783. Continental dollars were badly inflated, & not just because of official British counterfeiting. The Germans tried the same tactic against the Pound during WW2 (Operation Bernhard), but failed.
Neil wrote: SJ John, that's great, but remember that we still have plenty of Undeveloped Domestic Oil Resources (DoE) of around 400 billion bbls, if only they[it?] could be extracted & refined competitively & w/ less hindrance from Earth worshippers.
those scientists and their inventions whatever next - how does one become a media 'scientist' or doyou just have to work in some kind of lab ? maybe just posessing a white coat is sufficient - perhaps with the odd bunsen burner mark on it and one of those 'safety glasses'
do people in america think that america is going to go bankrupt ? or do they think other countries will ?
id be interested to know what people thought no one i talk to here in UK really seems to have an opinion
SJ John, that's great, but remember that we still have plenty of Undeveloped Domestic Oil Resources (DoE) of around 400 billion bbls, if only they[it?] could be extracted & refined competitively & w/ less hindrance from Earth worshippers.
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dolores l from texas: "yes,he also said that we will be hearing a lot more of this..."
