A Quote by Argus Hamilton
Conoco will build a $75 million plant to see if a process to convert natural gas to liquid fuel is profitable. It has to be. In California, gasoline is so expensive that people are trying to run their cars on cocaine.
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Natural gas is the best transportation fuel. It's better than gasoline or diesel. It's cleaner, it's cheaper, and it's domestic. Natural gas is 97 percent domestic fuel, North America.
Today, natural gas now outstrips coal as the leading provider of electricity in America. If this is as big as people believe it is, natural gas will soon be powering trucks and marine ships. Maybe even standard commercial cars that people use at home through compressed natural gas, other gas to liquids. The potential is there for more energy independence by America and a reliance on cleaner fuel - natural gas emits half as much as coal, in terms of carbon emissions. That's a real bounty.
Were the United States to pass a law requiring all cars to be methanol-capable flex-fuel vehicles, or simply repeal EPA regulations that prevent such conversions from being carried out privately, our immense natural-gas capacity could make a dramatic entrance into the liquid-fuel market.
Natural gas is a better transportation fuel than gasoline, so if that's the case, it's cheaper, it's cleaner and it's a domestic resource.
Parisians overwhelmingly buy small cars. And it's not because people are petite, but because fuel is drop-dead expensive. Gasoline costs more than twice as much in Paris as in New York.
People are not running to build coal facilities because of the price of natural gas, but we do see them being constructed, and there is an interest in fuel diversity, so we took the exercise pretty seriously.
Isobutanol is not a natural product, but we evolved an enzyme that makes it possible to convert plant sugars to this precursor to jet fuel.
The idea that somewhere in the desert far away you have a CO2 absorber that's removing the CO2 from the air is an attractive one. It's a costly process that many will say is too expensive, but so are fuel cells in cars. It's a matter of political will to move this forward.
There are not a ton of people buying cars - cars are expensive. So people usually go for the cheapest car they can get. And if the price of gasoline falls again, it makes the savings that you get with an electric car harder to realize.
We've recognized that natural gas would be the fastest-growing of the conventional fuels: oil, natural gas, coal. And so, we see the important role that natural gas will play globally and, more importantly, the important role it will play in the U.S. in terms of meeting future energy demand.
What I've seen around the world is if the regulatory desires are combined with things that affect consumer behavior - such as in Europe, they tax gasoline very heavily - you do get people to move to very fuel efficient cars; trade off bigger vs. smaller cars.
We’re making new investments in the development of gasoline and diesel and jet fuel that’s actually made from a plant-like substance-algae... We could replace up to 17 percent of the oil we import for transportation with this fuel that we can grow right here in the United States.
I can assure you that buying leases for x and selling them for 5x or 10x is a lot more profitable than trying to produce gas at $5 or $6 per million cubic feet.
Carbon dioxide is unusual because it doesn't go through the usual three phases of matter, from solid to liquid to gas, but it goes straight from solid to gas. The volume of the gas is much greater than the volume of the solid. When a solid turns into a gas, we say it sublimes. The process is sublimation.
One of the industries we follow very closely is the trucking industry. They would love if today there was an option for them to run their fleets on natural gas, because of the price disparity between oil and refined diesel - which they almost exclusively run on now - and natural gas.
When I build something for somebody, I always add $50 million or $60 million onto the price. My guys come in, they say it's going to cost $75 million. I say it's going to cost $125 million, and I build it for $100 million. Basically, I did a lousy job. But they think I did a great job.
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