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How does your expected 50-60% energy efficiency compare to the current energy efficiency of oil extraction? Extraction and especially refinement must be pretty
by tbabb 7y ago
How does your expected 50-60% energy efficiency compare to the current energy efficiency of oil extraction? Extraction and especially refinement must be pretty inefficient. How do the end to end costs compare, and why do they fall the way they do?
- rmcginnis 7y agoWe expect to be able to compete with fossil fuels on price as we push the price down to get more market share. The process of extracting oil and refining it to gasoline is not inexpensive or easy. By comparison, making fuel on site that doesn't need refining is potentially much less difficult and costly.