June 4, 2012
IMF Warning on Oil Prices Shows Urgent Need for Alternative Fuel Sources, Fuel Freedom Foundation Says – MarketWatch.
IRVINE, Calif., May 24, 2012 (BUSINESS WIRE) — The Fuel Freedom Foundation says that a new warning from the International Monetary Fund underscores the urgency of opening markets to competition from alternative fuels such as natural gas, ethanol, methanol and electricity. The IMF Working Paper, entitled “The Future of Oil: Geology versus Technology,” predicts that oil prices could permanently double in the next decade.
“The IMF report warns that a doubling in oil prices will send the global economy into ‘uncharted territory,’ which would spell disaster,” said Joseph A. Cannon, President of the Fuel Freedom Foundation. “Fortunately, disaster can be averted if we open our markets to competition from cheaper, cleaner, American-made alternative fuels to gasoline. This is the only way to bring down oil prices significantly and structurally, and ensure future economic growth.”
June 4, 2012
Study cracks a secret of methanol production | R&D Mag.
What’s the best way to make methanol? The question is more pressing than it sounds. Not only is methanol an important industrial chemical—some 50 million tons are used each year to make plastics and other products—but it could also become the basis of a clean energy economy that actually reduces global warming by turning a potent greenhouse gas, carbon dioxide, into fuel.
Now scientists from SLAC National Accelerator Laboratory and Stanford University have teamed with researchers in Germany to figure out a key part of the most common process for making methanol. This new understanding, reported in Science, is an important step toward improving the process and eventually realizing the goal of capturing carbon dioxide released by the burning of fossil fuels and turning it into something you can put in your gas tank.