I think you’re exactly right. Barring an increase in the demand for natural gas without the other liquids, the supplies in this country are gargantuan. It would be a perfect time to start converting vehicles to multifuel and for Detroit to start producing them. That would put a big dent in the demand for imported oil and screw with oil profits for Middle Eastern countries after the US demand dropped.
Instead of sinking money into windmills and solar the direction should be towards converting NG to.....
Petrobras, the Brazilian based petroleum firm is reported to have qualified and approved a new technology to convert natural gas to synthetic crude oil. The Petrobras’ CENPES Research and Development Centre completed its trials of the CompactGTL unit prompting Nicholas Gay, chief executive of CompactGTL to say, “The [Petrobras] test program has produced some extremely positive results and has shown the plant can be robust, with the operational availability (the percent of time a unit would operate) expected of large scale commercial facilities. We can now progress our plans in conjunction with clients throughout the world to develop commercial scale modular gas to liquid plants.”
The article (this is just a paragraph) was less than vague as to the costs of the conversion.