You know that synfuels are for real when the big boys enter the picture. [Exxon now firmly involved]

Journal Article · Sat Sep 13 04:00:00 EDT 1980 · Natl. J.; (United States)

OSTI ID:7074662

Madison, C

The day is approaching when your will be able to burn oil produced from shale in your furnace and fuel your car with gasoline made from coal. The synthetic fuels business is becoming attractive even to the major oil companies, which once were reluctant to branch out from natural fuels. For example, last spring (1980) Exxon Corp. bought a majority interest in the Colony Development Operation's oil shale project in Colorado and published a paper whose main message was: synthetic fuels, not imported oil, should fill the projected 15 million bbl/day gap between US demand for conventional oil and gas and expected domestic production early in the next century. The federal Synthetic Fuels Corporation has $17.5 billion with which to provide incentives for synfuel production. However, technological and environmental obstacles make it questionable whether synfuels can meet the legislative goal of providing the equivalent of two million barrels of oil a day by 1992.

• OSTI ID: 7074662
• Journal Information: Natl. J.; (United States), Journal Name: Natl. J.; (United States) Vol. 12:37; ISSN NAJOD
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
295000* -- Energy Planning & Policy-- Hydrogen & Synthetic Fuels
COAL GASIFICATION
COAL LIQUEFACTION
ENERGY SOURCES
FORECASTING
FOSSIL FUELS
FUELS
GASIFICATION
INDUSTRY
INSTITUTIONAL FACTORS
LIQUEFACTION
MINERAL OILS
NATIONAL ORGANIZATIONS
OILS
OPERATION
ORGANIC COMPOUNDS
OTHER ORGANIC COMPOUNDS
PETROLEUM INDUSTRY
PLANNING
SHALE OIL
SYNTHETIC FUELS
SYNTHETIC FUELS CORPORATION
THERMOCHEMICAL PROCESSES
US DOE
US ORGANIZATIONS