Bye Bye big oil?

[bigvalkriefan]

If this is true can we say good by to the big oil companies? There must be enough plastic around to sustain us for years.

http://www.flixxy.com/convert-plastic-to-oil.htm

[Oss]

can you say nobel prize?

[alph]

i becha the patents have all ready been bought up!!

my one question would be, how much energy does it use to make that much fuel?

[..]

I liter of oil for $1.50.

Not such a good deal when there's 3.785 liters to 1 US gallon

Oil is trading at about $87 a barrel.

A barrel is 42 gallons or 158.97 litres or $238.45 a barrel for "plastic" oil.

However a possible way of getting rid of the Atlantic and Pacific garbage patches.

[9Ball]

the way things are going, it will be economically viable soon enough.....we'll be paying European prices.

[alph]

so, a smart person would be buying up the overflowing land fills!!

[JOCK3]

we are paying $2.00 a liter at the pumps for gas here in the UK and its going up another 3% after 1st of jan.

i was in mexico a couple of weeks ago and it was something like 80 cents a liter

[Karen]

Wait! Isn't plastic made from oil? Why can't they just make engines that will run on plastic?

[Jeff K]

we are paying $2.00 a liter at the pumps for gas here in the UK and its going up another 3% after 1st of jan.

i was in mexico a couple of weeks ago and it was something like 80 cents a liter

How much of that $2 is tax, to pay for "free" entitlements? 

[..]

we are paying $2.00 a liter at the pumps for gas here in the UK and its going up another 3% after 1st of jan.

i was in mexico a couple of weeks ago and it was something like 80 cents a liter

How much of that $2 is tax, to pay for "free" entitlements? 

A bloody big chunk From 1 April 2009 the main road fuel (petrol and diesel) duty rate is £0.5419 per litre. In addition to which VAT is added at the rate of 15%, to the total price of the fuel including the added duty.

Fuel duty raised £23.3 billion for the treasury in 2004-5.

[x]

we are paying $2.00 a liter at the pumps for gas here in the UK and its going up another 3% after 1st of jan.

i was in mexico a couple of weeks ago and it was something like 80 cents a liter

How much of that $2 is tax, to pay for "free" entitlements? 

Why do you think the tax is to pay for 'free entitlements', as opposed to paying for the true costs of automobile ownership?

Just wondering where you got this 'fact'?

[Jeff K]

we are paying $2.00 a liter at the pumps for gas here in the UK and its going up another 3% after 1st of jan.

i was in mexico a couple of weeks ago and it was something like 80 cents a liter

How much of that $2 is tax, to pay for "free" entitlements? 

Why do you think the tax is to pay for 'free entitlements', as opposed to paying for the true costs of automobile ownership?

Just wondering where you got this 'fact'?

Wayne, really, relax, I asked a question, I wasn't even remotely implying that I was stating a fact. Hence the question mark.


 

[Tropic traveler]

Y'all lighten up on ole SE. Can't you tell he's still hurting from the beat-down us berserkers & cave people put on his boys last Tuesday??
Some of you guys are just not sensitive enough to the plight of the left thinkers of this world. 

[hotglue #43]

As a person that has worked in the oil patch.... and retired afer 36 years in the patch....  I see the embargo for drilling... and the release of the embargo... then the failure to a allow permits to drill after the embargo.... which is the same thing as the embargo....... is this sounding rebundant??????? as a plan for domestic production to fail.....   
  Fuel prices will go up...... people will scream...... government will say " this is not right"  and nationalize the oil patch like they did the auto industry....  then you can expect  $5+ a gallon gas prices.....  hopefully this will not happen... but it is what I believe was part of the plan.......Hopefully we have awakened.... 

[alph]

As a person that has worked in the oil patch.... and retired afer 36 years in the patch....  I see the embargo for drilling... and the release of the embargo... then the failure to a allow permits to drill after the embargo.... which is the same thing as the embargo....... is this sounding rebundant??????? as a plan for domestic production to fail.....   
  Fuel prices will go up...... people will scream...... government will say " this is not right"  and nationalize the oil patch like they did the auto industry....  then you can expect  $5+ a gallon gas prices.....  hopefully this will not happen... but it is what I believe was part of the plan.......Hopefully we have awakened.... 

saddly, we'll never awake.....  we'll all just stay sleeping while we flip from one reality TV show to the next......

here in wisconsin we pay 55 cents per gallon in fuel tax. 

[musclehead]

Y'all lighten up on ole SE. Can't you tell he's still hurting from the beat-down us berserkers & cave people put on his boys last Tuesday??
Some of you guys are just not sensitive enough to the plight of the left thinkers of this world. 

true that! how ever I do say often I feel sorry for them since thier only 1/5 the population, and even fewer on this board

[musclehead]

As a person that has worked in the oil patch.... and retired afer 36 years in the patch....  I see the embargo for drilling... and the release of the embargo... then the failure to a allow permits to drill after the embargo.... which is the same thing as the embargo....... is this sounding rebundant??????? as a plan for domestic production to fail.....   
  Fuel prices will go up...... people will scream...... government will say " this is not right"  and nationalize the oil patch like they did the auto industry....  then you can expect  $5+ a gallon gas prices.....  hopefully this will not happen... but it is what I believe was part of the plan.......Hopefully we have awakened.... 

saddly, we'll never awake.....  we'll all just stay sleeping while we flip from one reality TV show to the next......

here in wisconsin we pay 55 cents per gallon in fuel tax. 

whew! remind me NOT to buy fuel in Wisconsin

[JP in SC]

I liter of oil for $1.50.

Not such a good deal when there's 3.785 liters to 1 US gallon

Oil is trading at about $87 a barrel.

A barrel is 42 gallons or 158.97 litres or $238.45 a barrel for "plastic" oil.

The way I read it is that you get 1 liter of oil worth $1.50 that only costs you 20 cents worth of electricty to recover it.

[alph]

i didn't see it in the video, but, what's left over in the canister??  you're not making 100% oil from the plastics, there's got to be some waste left behind shouldn't there???

[Oss]

It depends on the source of heat or electricity doesnt it?

If you were using flowing water from a small dam or stream, or a solar furnace (mirrors focused on an oven) or a small wind turbine, you probably could say the cost was zero plus recovery of the fixed cost of the small plant to make the electricity plus the amortized cost of the machine

Does anyone else see a domestic growth industry.

[Skinhead]

Does any one know if this thing actually works??  I have my doubts.  If it does work, this guy would be a gozillionaire.

But then, it must be true, it is on the internet.

[Oss]

Lets send that Japanese Valkyrie rider that went around the world out to look the thing over

If he rides a Valkyrie he must be reliable 

[Sludge]

my one question would be, how much energy does it use to make that much fuel?

That was my first thought as well.  My gut feeling is that the energy usage is higher than the recovered energy value.  Or nearly so.

[Charlie]

Where are all the capitalists on this board?  This guy has a great idea with huge potential.  If it is successful, markets will bring the cost down down down.

I think Alph and Oss are thinkin correctly on this one.  Also, it likely wouldn't hurt the oil industry.  My guess is they will jump on it and make it a subsidiary.  After all, you have to make plastic from oil to convert it back into oil from plastic.

[Bobbo]

i didn't see it in the video, but, what's left over in the canister??  you're not making 100% oil from the plastics, there's got to be some waste left behind shouldn't there???

I would like to see the leftovers, too.

From what I can see, this machine is simply a still.  He is heating petro-plastics until the light oils boil out and are condensed in the water bath.  He is basically breaking and reversing the catalyst that bonded the propylene and ethylene polymers.  The solids residue would be a lot more than the oil produced.  The oil would be low BTU fuel, much like alcohol, but with more pollutants since it has chlorides.

I'm not an investment advisor, but you won't see me buying stock!

[JOCK3]

I think that the worlds governments are very worried about our dwindling oil supplys and they are not letting us in on the picture.

in the not too distant future,$1.50 a liter for oil may not seem a bad price.Wake up to the fact that the west is loosing its dominance,add another 2.5 billion chinese and Indian consumers into the maths and Earths resources run out even faster.