coal to liquid plays in afr, page-23

Haspete I am realistic and know the cost of the processes
a company will have to outlay to come to production.
But if anyone thinks The price of Oil will come down they are kidding the Worlds max production at the moment is 85 million boo per year World consumption is 87 million barrels, Its not speculators as China and India industrialize its a sea change of supply and tightening.
this quote is from T. Boone Pickens. These sort of plays and Technology as prices rise will become more prevelent
is easy to be cynical and think it all smoke and mirrors.

The costs for a 30,000 bopd plant is about 2.4 bil
or 10,950,000 bopd at 135 US a boo returning 1,478,250,000
the costs of producing would be 40 dollars a barrel so profit would be just over a billion dollars a year Australia has enough oil with proven reserves to last for 8 years on todays usage with coal 600 years.

Its easy to stick your Head in the sand but you have to think outside the square and think what is going to happen
when Oil shortages start and prices keep rising. Look at Gas energy and foods is going to be huge and those that
ignore do at there own peril. I look to what Linc has done
and what will be done by others such as BLK.