U.S. running out of room to store crude oil, gas and oil may drop even lower.

[Osmeric]

But there are Dollar costs. And energy can be related to dollars and vice versa.

Energy can be related to dollars, but is not equivalent to it. Most of the dollar cost of making synfuel from coal is not energy related.

The fraction of GDP spent on energy in the US in 2010 was just 8.3%. http://www.eia.gov/totalenergy/data/...df/sec1_13.pdf

[Pterodactylus]

Energy can be related to dollars, but is not equivalent to it. Most of the dollar cost of making synfuel from coal is not energy related.

The fraction of GDP spent on energy in the US in 2010 was just 8.3%. http://www.eia.gov/totalenergy/data/...df/sec1_13.pdf

I get that. I said as much a few pages back. The economic costs come from the huge volumes of coal that would be needed, the huge volumes of water that would be needed, the huge volumes of waste material that would be generated, etc.

Thanks for the dialogue on this topic. I am sorry called you clueless at one point - I try to avoid insulting folks.

[Osmeric]

I get that. I said as much a few pages back. The economic costs come from the huge volumes of coal that would be needed, the huge volumes of water that would be needed, the huge volumes of waste material that would be generated, etc.

And the capital cost of the equipment needed to do these things.

Even with all that, FT liquids from coal would have been quite profitable at $100+/bbl oil. That such plants were not built should have been a tip-off that oil prices were not going to stay that high.