So then part of their production has to be used for production which lessens the output. Still in all though, they’d have to produce millions of gallons of the stuff for the US economy to survive on it. Then too, you’d have to use the product to transport the product. Anything involved with production and transportation has to be with that product. No fair using bio-fuels like ethanol.
All true. And some of those are also true of fossil origin gasoline, as well. But any country that currently has to import oil is still ahead on the deal even if they can't produce all of their needs. If these Joule folks can really produce it ready to burn in vehicles for $30 a barrel, anyone who bought it would be way ahead of a guy who is buying crude oil at $100 a barrel.I, too, am a wait and see guy, but every once in a while, something new AND good comes along. We'll see.