Heat Death: Joule Unlimited collapses as oil prices flag, time passes, pressure mounts

Biofuel Digest ^ | JULY 18, 2017 | Jim Lane

[Red Badger]

Not at current petroleum prices.

The fracking process came on line about the same time and stabilized the oil at a price that was not competitive for them.

Doesn’t mean the process is worthless, just got to have the right timing........................

[who_would_fardels_bear]

Erg!

[norwaypinesavage]

"those new investor prospects walked away, particularly post election."

That's the money quote here. Anyone can make a great profit if the government gives you free money (ask Elon Musk). If you have to actually produce something for less than it can sell for, success is quite a bit more difficult.

[dsc]

Thanks for the info.

[Red Badger]

Somebody will buy the patent and sit on it, maybe for decades then when the natural petroleum costs get too high, it will pay off.........................

[gaijin]

Later Livermore

[henkster]

It’s one of those deals like real estate development. The third guy in is the one who makes the money.

[Red Badger]

Everyone thought this was ‘THE’ hot stock to own a few years ago, 2010-11, then Fracking came up and stalled the rise in oil prices. Then Trump won the election and OK’d the pipeline and that was apparently the straw that broke their back...................The technology is viable, just not now..................

[ckilmer]

I believed that they could produce biodiesel for 1.25@gallon.

Guess not.

[miniTAX]

“Somebody will buy the patent and sit on it, maybe for decades then when the natural petroleum costs get too high, it will pay off”

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“Decades”... no, bad plan, because patents expire after 20 years. If you have to wait for decades, the patent is worse than worthless (since annual fees must be paid).

[Red Badger]

I suspect the Chinese will get a hold of it, since they have all the raw materials and very little petroleum.........................

[shotgun]

A fat, lazy, big ankled woman who couldn’t stand up more than 30 minutes without collapsing, and who couldn’t beat a lazy first term unknown senator for president or an accomplished Billionaire for president!

[Ozark Tom]

Their cost of energy input to the fuel end product, the conversion efficiency input/output, has to be worse than a gas-to-liquids process. The GTL plants also never get built in the US.