Thread: FINALLY!!! The Truth About BIG OIL

There's Something Not Natural about South Africas Synthetic-oil Firm!!

Inarguably among the most serious threats to the economic, social and political safety of this country is its dependence on imported oil. Since the oil crisis of 1973, many people are astonished that Congress and the White House have done nothing to ameliorate the problem.

However there is a super solution called "coal hydrogenation," developed by Standard Oil of New Jersey (now Exxon Mobil Corp.) in 1930. It's a simple process and the resulting fuels cost much less than the fuels produced by Big Oil. In fact, those fuels are not an atomic particle less efficient than the same product produced from a barrel of oil.

But Exxon, Shell and the other Big Oils have billions of dollars of vested interests in oil properties, infrastructure equipment, etc., and "hydrogenation" would give Big Oil lethal gas pains. So to protect their vested interests, the oils covertly purchased influence from Congress (which is easy) to keep "coal hydrogenation" as far from the U.S. as possible.

Recently a close acquaintance, a Congressional representative whose vote is not for sale, told me that "active support for coal hydrogenation could cause me personal and political damage. Those oil companies are seriously nasty."

In 1934 about 85 percent of Germany's oil was imported and the German Reich needed oil independence to fuel its factories and war machinery. The solution used by the Nazis was a process developed in the U.S. by Standard Oil of New Jersey. It is called "coal hydrogenation" and because Germany had immense coal deposits, its supply of fuel, and lubricants was almost unlimited. Between 1934 and 1942, Standard Oil financed and guided Germany's hydrogenation process, producing the synthetic fuels that powered Germany's formidable war machines across Europe, Africa and Russia. Undeniably, without Standard Oil's hydrogenation process, Germany could not have commenced World War II.

Back then, Standard Oil of New Jersey had enough congressmen on its private payroll to do anything it wanted to do. As a result, the actions of its officers and its board of directors nearly caused the Allies to lose World War II while their avarice and venality cost thousands of American lives. It is clearly documented that in the hubris of their success, Standard Oil made substantial contributions to German SS chief Heinrich Himmler's personal fund and as late as 1944 was an active member of Himmler's "Circle of Friends."

So don't for a nanosecond believe that gas prices at today's pump are due to the high cost of a barrel of oil.

Greed knows neither honor nor conscience. Exxon Mobil, Chevron, ConocoPhillips, Texaco, Marathon, etc., prefer to drill for oil, process and sell products at wallet-breaking prices rather than assist America in finding a dependable alternative. So clearly the prime directive of the Oils is to protect their vested interests because they have big money at risk.

The U.S. has the largest coal reserves in the world and the Oils don't make a shekel or centime if fuel is produced by hydrogenation. And their attitude is unvarnished, cupidity at the expense of the consumer.

EXCERPT from article:
Rosebank of South Africa is a very successful coal hydrogenation company and trades on the NY stock exchange as SSL. SSL had $11 billion in revenues last year and earned $2.29 a share. SSL uses their improved version of the old Nazi hydrogenation process to produce hundreds of millions of gallons of synthetic fuel from coal at the equivalent oil cost of a barrel. SSL has also developed a very cost efficient process that produces liquid fuels from natural gas. And SSL retails gasoline, diesel, jet fuels, liquefied petroleum gas and lubricants through its network of service stations.

Meanwhile, you might ask your member of Congress why he/she doesn't encourage hydrogenation.

Please address your financial questions to Malcolm Berko, P.O. Box 1416, Boca Raton, FL 33429 or e-mail him at malber@adelphia.net.

© Copley News Service

http://www.bendweekly.com/Business/Money/6723.html

Interesting piece. Thanks for posting it. I wonder how efficient that process is? If we switched over to that process, I wonder what a gallon of gas would cost?

I did a little research and found this:

"...In March 1953 when the Republican-led House Appropriations Committee opened its budget hearings, its first official act was to kill funds for the Louisiana, MO, synthetic fuel plants. The cost of synthetic fuels was too high for the government to bear, the Committee stated. Estes Kefauver, then out of Congress but later elected to the U.S. Senate, claimed that the nation's oil companies had been behind the Committee's action because they did not want the competition from coal. A short time later, the Committee voted to cease funding for all the programs authorized under the Synthetic Fuels Act."

http://www.fossil.energy.gov/aboutus/hi ... story.html

Here's more info:

"Estimates of the cost of producing liquid fuels from coal suggest that domestic U.S. production of fuel from coal becomes cost-competitive with oil priced at around 35 USD per barrel,[11] (break-even cost). This price, while above historical averages, is well below current oil prices. . .

Among commercially mature technologies, advantage for indirect coal liquefaction over direct coal liquefaction are reported by Williams and Larson (2003). Estimates are reported for sites in China where break-even cost for coal liquefaction may be in the range between 25 to 35 USD/barrel of oil."

http://en.wikipedia.org/wiki/Coal#Liquefaction

Isn't oil near $100/barrel right now?

It already hit $100!!!!

I'm aware of the process of coal hydrogenation in order to produce a synthetic fuel. There is a big refinery in the north of Czech Republic which was built by Germans to secure synthetic fuel from coal for their armies.

All you need is a coal. Needles to say that the whole process is expensive and needs a lot of energy. However with price of oil hitting the 100$ / barrel it should more than profitable.

Judging from the comments, the article isn't being read completely!

Originally Posted by CitizenJustice

Judging from the comments, the article isn't being read completely!

CitizenJustice, I'm aware of the role of big oil corporations. However, even though they are extremely powerful there could be other powerful players wishing to join the game with the synthetic fuel.