This is a very critical factor, so as the supply of light crude decreases and heavy crude increases, the consumption of Hydrogen will increase and in the process, increasing the cost of gasolene.

Thats probably the reason, why the gasolene costs 50-60 cents more now than in Oct-2006.
Infact, the Crude that is going to come from Oil Sands in Canada is even more heavier and will
consume electricity/heat which is going to come from natgas.

All this put together will increase the price of natgas.
BTW, gas-to-liquids is a big flop as it consumes more energy and its economical to use natgas directly in natgas powered vehicles and already 7 million + vehicles are running on CNG.

BTW, gas-to-liquids is a big flop as it consumes more energy and its economical to use natgas directly in natgas powered vehicles and already 7 million + vehicles are running on CNG.
RIGHT!

That's why Qatar keeps developing GTL. I guess they have too much money on their hands...

But wait, there's more: Based on current oil prices, the pay back time for the project would be short, Brown told the conference earlier.

But what does he know, eh Max?

Don't worry be happy! Once the "Hydrogen Economy" kicks in, there won't be any need for petroleum.

Chime-in anytime Roger.

Look at this friends
http://www.imakenews.com/lng/e_article000760746.cfm?x=b96T25P,bd1Rfpn

Exxon & Qatar's plan for large GTL plant has been cancelled.

I dont know how long the current venture will last. Its more economical to ship the gas thru LNG and infact CNG with high-pressure cylinder and ANG (which can store more gas) is coming up.

As more NGV's hit the road, GTL's will fall along the wayside. Also the dominance of Gasolene & Diesel will go away.

And NGV economy is way ahead of Hydrogen and Plugin-Hybrids are just 2 years away.

"Don't worry be happy! Once the "Hydrogen Economy" kicks in, there won't be any need for petroleum."

I cannot agree more with that statement. The fear of hydrogen and theoretical concerns are being tested out with the current FCV fleet and will be further tested out with 100-strong fleets of FCV from GM and Honda. Ford, Hyundai, Toyota, MB, BMW, VW, Mazda are also hard at work to transform H2-transportation into a reality. Shell, BP, Chevron, and others are working on the production and fueling end of the H2 economy!
The future is full of excitement to watch!

Hydrogen is an utter joke.

If it's from natural gas, then why not just burn natural gas in the first place.
Or better yet, go diesel.
Or better yet, go hybrid.
http://greyfalcon.net/electriccars2.png

Hell, even coal-electric would be better than natural gas hydrogen.
http://greyfalcon.net/plugins3

And we already got all the electric infrastructure we need.
http://greyfalcon.net/plugins4

Making hydrogen from electricity and water? HA! The nation's cleanest grid can't even produce hydrogen thats less dirty than petroleum.
http://greyfalcon.net/hydrogen2.png

Oh but it can be renewables you say?
Why the hell would we want to squander away our scarce renewable energy on something as inefficient as hydrogen vehicles?
http://greyfalcon.net/hydrogen3.png

Now you ask yourself, what does Toyota, Ford, and Most other Car Companies, use to build our cars? A giant fleet of quickcharging electric forklifts.
http://www.posicharge.com/ford.html

__________

Hydrogen is just a flashy diversion from the do-nothing auto industry. It's not supposed to be realistic, otherwise they might run the risk of actually doing it.
http://www.greencarcongress.com/2007/05/automakers_rall.html
http://www.greencarcongress.com/2007/05/automakers_rall.html

Hell, our Fuel Economy now is worse than it was 20 years ago.
http://www.greencarcongress.com/2007/10/differences-bet.html

I don't know where they get these number that Tar Sand provides 10% of the world oil production. Canada produces 130 000 000Mt yearly (all crudes) that's barely 2.5% of the world production. They plan to achieve 250 000 000Mt in 2030 which will bring them in the 4% at best.

I missed something here, maybe they mean Tar sand + natural gaz.

About H2 economy, is there really any industrial (asides of GM..) who think that H2 will be deployed before 2050 ? When you hear the automakers (like ford in particular) complaining that the HEV powertrain is too expensive, good luck for a fuel cell car...

Chill, Linkboy.

*sigh* It seems that we're not gonna do diddly until the Greenland icecap slides into the sea. And by then many things will have been lost forever.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aFfyKDytlrdE&refer=home

China is raising the price of gasolene/diesel by 8 %.

Time for the Oil companies and Govt's to tell about the difference between Light & Heavy Crudes and about the need for Hydrogen.

China has 200,000 CNG powered vehicles, and this price increase will increase CNG usage even more.

So why is OPEC not able to supply more LIGHT CRUDE, has it hit the peak.

There is only one good use for hydrogen: making syncrude!

OPEC still has light crude, but much of that is sour.

OPEC has light crude, but they will preserve it for their growing population and future generations.

And they will sell the heavy crude to the rest of the world and try to make as much money.

Oil prices have crossed $95 / barrel in overnight trading.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aYfCUpckq3LI&refer=home

Oil companies will never say the real reason for rising prices, but for the consumer, its better to buy smaller and hybrid vehicles to save their money.