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Drilling The Big GOP Lie: The US Exports More Gasoline Than It Imports
#90
nky Wrote:FYI
Costs

In terms of economics, coal-based liquid fuel becomes viable when the per-barrel price of oil exceeds the $45-50 range, according to separate studies. This is because of high front-end expenditures—a 10,000 barrel-a-day [size=5]plant could cost $600-700 million or more to construct. All told, the refinement process is three to four times more expensive than refining an equivalent amount of oil. When biomass is mixed with coal, the process becomes even more expensive, and is only viable with oil prices above $90 per barrel, according to the [/SIZE]Department of Energy.
Not included in the above estimate is the cost of sequestrating the captured CO2, which would increase the price of the end product by a projected $5 a barrel. The imposition of a strict carbon cap and trade regime would also raise the cost of fuel produced with CTL technology, because of the CO2 emissions associated with it. While there is significant uncertainty, the recent RAND study estimated that CTL production plus carbon storage could produce fuel at a cost of anywhere from $1.40 to $2.20 per gallon or more by 2025iii.With current oil prices hovering around $50 per barrel, it is debatable whether CTL is currently an economically attractive alternative, but this could easily change with a consistent rise in oil prices.
http://www.aaas.org/spp/cstc/briefs/coaltoliquid/
The plant I'm talking about is estimated to run between 3.5 - 4 billion dollars to construct. It is supposed to convert 7500 tons of coal to 18,000 barrels(756,000 gallons) of gas a day.
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Drilling The Big GOP Lie: The US Exports More Gasoline Than It Imports - by TheRealVille - 02-07-2012, 07:27 PM

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