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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (192443)	7/21/2006 9:36:24 AM
From: Hawkmoon	Respond to of 281500

Vehicle tests are some time away because the company, Bio Fuel Systems, has not yet tried refining the dark green coloured crude oil phytoplankton turn into, a spokesman said. I have no doubt about the ability to produce oil from Bio-Diesel, but the fact that these guys haven't even gotten to the point of refining it and performing vehicle tests leave me with the gut feeling that this particular group is presenting a bit of hype as to THEIR particular operation. I mean.. who's going to invest in their "state of the art" production facility, due to be in production in 14 to 18 months, if the oil hasn't even been refined and converted into a fuel? There's going to be a big hype involved with this "agro-petroleum" technology somewhere in the future, IMO, and I'm afraid that it's going to discredit the concept. But I think it's certainly an area that really needs to be explored. The energy/oil companies really need to get involved if they want to preserve their market share of the energy supply market. And I wonder if there is an incentive to produce Bio-Diesel under the Kyoto treaty "carbon markets" system? After all, producing algae sequesters CO2 from the atmosphere, which is only re-released upon combustion. But it's a closed cycle system that should not increase the amount of C02 into the atmosphere as burning current fossil fuels does. As for "peak oil", I'm not yet convinced that we've reached that point yet. Many folks were proclaiming peak oil back in the '80's, until suddenly the price of oil made exploration/exploitation of some less accessible reserves far more profitable and drastically increased global reserves. Of course, production has not met global demand, and that's the real problem. Hawk Hawk