Blog#12:New Gas Technology-12/1/12

         Obviously the compelling monopolies that have corrupted the increasing demand for oil have triggered a new invasion towards Africa where remains an energy company that converts natural gas to diesel and other fluids. Many companies, especially oil, usually take advantage of the most demanded resource by keeping a maintained quantity, while the peak is about at the tip-top and government is potentially holding back newer technology from marketing.

       The company that is producing diesel from natural gasses is known as Sasol, which is compromised of a bunch of scientists to produce liquid fuels without producing oil. This project will produce about 96,000 barrels of fuel each day from complex technology, which has also world’s second largest plant of its kind. The plant is located in Qatar and costs relevant to $11-14 billion dollars.

       For the world’s environment sake, the reaction might linger with horror, or might actually help prosper world economy in general. The plant would create seven thousand construction jobs and one thousand two hundred permanent jobs. This will most likely happen within the next presidency, a projected year of 2018. This will also in turn create more jobs for Africa’s neck of the woods and increase the usage of unskilled workers who primarily do not obtain a degree of any kind. So necessarily, the news is a little gift from the controlling monopolies for the upcoming Christmas Holiday.

      More gas/oil companies in the United States have different plans to extend natural gas export methods in order to increase exports which will also make it more efficient for countries like Pakistan, Iran or Argentina regarding their compressed vehicles. It is said for this innovative gas technology is only supposed be $4 per gallon, hence it will be 2018 and by then inflation will have to occur along with a new beginning of a new type of un-peaked fueling source. 

http://www.nytimes.com/2012/12/04/business/energy-environment/sasol-plans-first-gas-to-liquids-plant-in-us.html?_r=0

http://www.timesargus.com/article/20121204/BUSINESS03/712049956