I will believe the Saudis don't see any upcoming problems with Ghawar when they cancel one of their projects due to low oil prices. If they continue to be full steam ahead with increasing their capacity then I think they are aware that Ghawar may not be as robust in 5 years time as they would like us to believe.
Joined: Mar 04, 2005 Posts: 2729 Location: New Zealand
Posted: Mon Jul 14, 2008 2:42 pm Post subject: NZ Company has petrol alternative
NZ Company has petrol alternative
Quote:
A New Zealand company has a clever idea that could be the answer to our petrol worries.
It has discovered a way to make low carbon fuel from industrial waste gas, and it just received $12 million from the government to develop the idea.
"It truly is a low carbon petrol, a petrol equivalent, but manufactured from sustainable resources," says Dr Sean Simpson.
The unsustainable resources come from gases produced by steel, wood or rubber factories. Lanza Tech says its fuel can be produced from almost anything.
"It will completely displace petrol, allowing us to run our vehicles on much more sustainable fuel than the fossil fuels that we run today," Simpson says.
The research is said to be a world first but Lanza Tech is not saying how it actually turns waste into fuel for vehicles.
As well as the government, the company is backed by businessman Stephen Tindall and billionaire venture capitalist Vinod Khosla, well known for putting his money in to alternative fuels.
tvnz _________________ Human history becomes more and more a race between education and catastrophe. H. G. Wells.
Fatih Birol's motto: leave oil before it leaves us.
Posted: Mon Jul 14, 2008 2:59 pm Post subject: Re: NZ Company has petrol alternative
Saved! We're saved! All praise the new oil, we're saved!
_________________ Massive Human Dieoff must occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where you live. If you fail to recognize this, then your odds of living move toward the "going to die" group.
Joined: May 07, 2007 Posts: 434 Location: Adelaide, South Australia
Posted: Mon Jul 14, 2008 9:21 pm Post subject: Re: NZ Company has petrol alternative
Graeme wrote:
NZ Company has petrol alternative
Quote:
A New Zealand company has a clever idea that could be the answer to our petrol worries.
It has discovered a way to make low carbon fuel from industrial waste gas, and it just received $12 million from the government to develop the idea.
"It truly is a low carbon petrol, a petrol equivalent, but manufactured from sustainable resources," says Dr Sean Simpson.
The unsustainable resources come from gases produced by steel, wood or rubber factories. Lanza Tech says its fuel can be produced from almost anything.
"It will completely displace petrol, allowing us to run our vehicles on much more sustainable fuel than the fossil fuels that we run today," Simpson says.
The research is said to be a world first but Lanza Tech is not saying how it actually turns waste into fuel for vehicles.
As well as the government, the company is backed by businessman Stephen Tindall and billionaire venture capitalist Vinod Khosla, well known for putting his money in to alternative fuels.
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