I don't know about that 1/3 figure but I do know it's getting easier and easier to produce complex hydrocarbons through organic processes like genetically engin

I don't know about that 1/3 figure but I do know it's getting easier and easier to produce complex hydrocarbons through organic processes like genetically engineered algae. The costs may be high now but for some high-margin products such as cosmetics, algae hydrocarbons are already profitable. And this is something that could conceivably work anywhere, without having to buy a mountain and several tons of mining equipment first.