Synthetic fuel

Jimbuna · 05-17-08, 04:24 PM

Quote:

Originally Posted by SUBMAN1

Quote:

Originally Posted by jimbuna

It makes me wonder just how many alternative power sources have been invented but bought by the oil giants and locked away in a safe. (so the theory goes)

This one was designed by the Germans in WWII. It was improved upon in the 1980's, but around 1988, OPEC got scared of it and lowered barrel prices on oil from about $20 a barrel to about $6 a barrel, effectively killing off the project due to the simple fact that it wasn't economically feesable anymore when you can buy $6 barrels of oil. So they bought and paid for it alright, through lowered profits.

-S

It doesn't suprise me

I wonder what they've bought and paid for since.....knowing full well that it's the western nations that actually pay in the long run :hmm: