Sep 24, 2010

Turning $25 of Natural Gas into a $75 Barrel of Oil?

OilPrice.com Natural gas costs about 1/3 the cost of oil in terms of energy content (see graph). What if we could convert natural gas into long chain hydrocarbons and high value chemicals cheaply and cleanly? How would that change the balance of the energies?

Natural Gas  & Crude Oil

A cheap and efficient way of turning methane into liquid chemicals and fuels could free the chemical industry from its dependence on pricier and dirtier petroleum. But knocking off one of the four hydrogen atoms arrayed around methane's sole carbon atom requires so much energy that the process tends to run out of control, burning up the entire gas molecule. "If you can't stop it, you end up with CO2," says Charles Musgrave, a computational chemist at the University of Colorado.

This process is in the early stages. But it is just the beginning of what is coming, with a clever application of ingenious new catalysts. Nano-fabrication techniques will provide a range of industrial catalysts undreamed of since the down of the machine. It will take time to work through the vast array of what is becoming possible.

Read full at OilPrice.com