Ian Madsen examines the economic, strategic and environmental implications of news that South Africa-based Sasol is looking into setting up a plant in Louisiana capable of delivering millions of tons of transport fuel derived from natural gas.
Few “alternative fuels” hold the promise of abundance, reliability, high-yield, portability, compatibility, and strategic enhancement that the transformation of natural gas to liquid does. This backgrounder examines the economic, strategic and environmental implications of a market capable of delivering millions of tons of transport fuel derived from natural gas.
Since the beginning of the 21st century, a fear has come to pervade the prospects for oil, fueling anxieties about the stability of global energy supplies. It has been stoked by rising prices and growing demand, especially as the people of China and other emerging economies have taken to the road.
With turmoil in the Middle East comes the inevitable spike in oil prices, topping $90 this week. Look for energy security to make one of its recurrent runs to the top of the national agenda. This time, though, we should listen to the shale gas revolution that has put an unexpected energy bonanza at our feet in places like New York, Pennsylvania and Ohio.
“Closing down Alberta’s oil industry would immediately stop the production of 1.8 million barrels of oil a day. Supply and demand being what it is, oil prices would go up and therefore the cost at the pump would go up, too, increasing the cost of everything else.”
PowerPoint slides detailing Canada’s environmental progress which accompanied the Meeting for Policy Experts seminar by Dr. Ken Green and Ben Eisen in Winnipeg on June 17th, 2009.
Air, water, soil dramatically improving despite all the environmental scare-mongering. Forest cover steady, not declining. Carbon Dioxide increasing but far slower than predicted in the past based on economic growth.