I knew a year ago when this was first published that $15 a barrel was a pipe dream. I am a cheerleader for these types of innovative fuel technologies, but in these infant stages, overselling the promise is ruinous.
agreed. but with world oil prices the way they are--this company can now draw a profit.
amazingly it looks like they can change just about anything carbon based into oil.
For that I don't see why they're not turning every municipal landfill and sewage plant in the country into a profit center rather than a cost center.
oh yeah and also the pig farms of North Carolina.
That's $80 a barrel at a particular cost of energy used to do the processing, transport the inputs and products, heat the workers, etc. Obviously that energy cost less and I would bet the $80 calculation assumes that other energy costs a lot less.
Unless they can find ways to either (1) reduce production costs, or (2) get the raw material suppliers to PAY THEM for disposing of their waste products, then the venture will not likely be profitable. They can't count on $80 per barrel oil in the long term to make them competitive. A business model could possibly be developed to make them viable, but they've got to find a way to make their net cost of production much lower.