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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8936
Posted: Feb 22, 2010 5:00
Comments: 8936
Forum Topic:
Gold, Oil & Indices (Equity & Bond Indices)
Discuss Gold, Oil & Indices (Equity & Bond Indices)
NATURAL GAS AT 4.50?
THANKS
SASOL DEVELOPS THIS TECHNOLOGIES
THEY DEVELOP PARTNERSHIP WITH QATARGAS NOT ONLY IN THE ENERGY FIELD BUT ALSO IN THE PHARMA SECTOR WITH CAP INVESTMENT;
"From the information released by UTA, we don't know precisely what innovation the scientists stumbled upon. The Austin TV reporter quoted Prof. Dennis as saying: "I had the idea for this while I was walking to my car. I ran back to the lab and I started drawing it out in my notebook."
As the scientists describe it, though, the technology uses "micro-fluidic reactors" that convert coal to synthetic crude at a fraction of the cost incurred with traditional conversion methods - and in a fraction of the time."
BTW, one of my best friends since childhood is a highly experienced petroleum engineer for the EPA in the Houston area--he disagrees with those who are immediately writing this off. And history is full of eureka moments that radically improve technology. Time will tell, as with all purported technological breakthroughs . . .