Anonymous
Anonymous asked in Business & FinanceCorporations · 11 months ago

Big oil companies have synthetic gasoline. They are bleeding us with high gas prices until they run out, then they introduce it. Agreed?

Update:

I mean seriously... In this day and age, how hard is it to create a liquid that burns ?

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  • RICK
    Lv 7
    11 months ago

    "Synthetic " fuel has been around since WW2 when the Germans developed the process

    Its much more expensive to produce so the prices will be extremely high

    When adjusted for inflation gasoline today is cheaper then it was when I started driving over 50 years ago

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  • Erik
    Lv 7
    11 months ago

    No, I'm sure it's very expensive to produce, much more so than regular gas.

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  • 11 months ago

    Nope. The liberal media wont tell you, but there have been fairly recent discoveries of crude oil fields even larger than those in Arab deserts, and there was enough Arab oil to last a couple hundred years, so they wont be running out of gasoline for probably 3 or 4 hundred years. By THAT time all cars will be electric or using other fuels, like ethanol.

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  • Anonymous
    11 months ago

    Nope.

    Synthetic fuel was produced by the Germans during WW2 because their oil wells were regularly bombed. And the recipe for it is to use coal and make it react with water to force the hydrogen to combine with the carbon and create hydrocarbon. It is a very inefficient process. It costs more that petroleum.

    As for the price manipulation, it is indeed true, but not the way you think.

    Producing one barrel of oil in Saudi Arabia costs less than $10. And $15 in Russia. Yet the barrel of crude is selling for $54 at this point in time, and the exporting countries and companies lower the price at strategic moments to discourage the investment in the production of *bio fuel* based on algae, that could get competitive with conventional oil if properly researched, and would be carbon neutral to boot.

    The rest of the time, they are happy to see the stuff for 5 times what it costs to extract.

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  • 11 months ago

    THe oil companies have been manipulating and screwing the public for decades. And the politicians let them get away with it.

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