Turn natural gas into oil for $1@gallon.
Gasoline at $1.00 a gallon would cause a lot of disruption in the world markets. Oil at $1.00 a gallon would $40-55 a barrel. Saudi Arabia is running out of oil and is looking for new markets. I would just as soon that they would stay out of the US and earn their terrorists dollars elsewhere.
That will have a very significant impact on some of the sales taxes collected.
BTW, what is needed from conservatives is a push to increase the excise tax. The VAT tax is a costly boondoggle.
ethylene, a hydrocarbon widely used in the chemical industry. The ethylene can be sold as its own product, or it can be processed with other catalysts to produce liquid fuels.
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Currently, ethane, used to make ethylene is in high supply and relatively low prices due to increased production from wet gas shale fields.
Anyone know?