11/09/2003

Unlimited fossel fuel source? Actually any carbon? At least Samizdata says so and these guys are usually right on. Documented too. And it's a U.S. product. In MO no less

"We've done so much testing in Philadelphia, we already know the costs," he says. "This is our first-out plant, and we estimate we'll make oil at $15 a barrel. In three to five years, we'll drop that to $10, the same as a medium-size oil exploration and production company. And it will get cheaper from there."
Could be a major hype but read the story. Sounds incredible. And the discussion at Samizdata is as stimulating as the article. Go there. Backers include heavyweight financial types like Buffett, ConAgra, the Feds, etc., no lightweights wanted.

And is Saudi Arabia running out of sand? Construction is booming due in large part to the U.S. success in Iraq and sand for cement is literally jumping off the desert.

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