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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: pezz who wrote (177)	8/31/2005 3:11:17 PM
From: Elroy Jetson	Read Replies (2) \| Respond to of 217591

So Coal at a $35 per barrel equivalent would be $0.83 per gallon plus the conversion cost, which is too low at $1, for a total of $1.83 per gallon. Add distribution and marketing at $0.55 for a total retail price before taxes of $2.38. energy.ca.gov Tax in California is $0.504 for a total Retail price of $2.89 per gallon. Which is roughly the same price as gasoline. Which I find very hard to believe. Alternatives begin to be economic at oil prices 25% higher than they are now, but to be economic now, the costs are under-estimated. We looked at Coal conversion at Chevron in 1980 and it is expensive, dirty, requires a lot of water (which is often in short supply where you find coal). .