Wednesday, May 20, 2009
Details are strangely sketchy, but an American company claims it has found a way to extract a barrel of oil from each ton of coal.
If this technology proved effective, the winners would be the big coal producers: the United States, Russia, China, India and Australia. Left right out would be traditional oil producers of the middle east.
Australia, for example, imports about 125 million barrels of oil each year, but mines 260 million tonnes of coal - so if this technology was viable, Australia could become a net oil exporter.
Posted by Margo's Maid at 1:14 AM