Word: hydrocarbons
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Dates: during 2000-2009
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...blues singer, and this Texas oilman has made plenty of executives cry. The hostile-takeover artist, 76, was targeting CEOs 20 years ago for caring more about their salaries than about their shareholders. (Sound familiar?) TIME's Julie Rawe and Jyoti Thottam talked to the hugely successful hydrocarbon investor about our latest oil troubles...
...hydrocarbon era before we get to 2100. We'll phase in other forms of energy by 2050. We've got to use hydrogen someplace in there. For the short term, we've got to use more of our coal reserves in the U.S., and I would suppose we'll go back to looking seriously at nuclear...
Because of the current size of these catalyst particles, about 10 nm, and their tendency to clump together, platinum is not used efficiently. The world's entire annual output of platinum would not meet the demand if fuel cells were used by only 10% of cars produced worldwide. Hydrocarbon Technologies--which is owned by Headwaters, an alternative-energy company based in Draper, Utah--says it has found a way to create nanoscale platinum particles that won't clump together and slow down the process, as current ones do. The new particles are expected to keep fuel cells running...
...liquefaction strips coal of harmful sulfur. Given current world oil prices (about $27 per bbl.), turning coal into gas is economical in China. "A $4-to-$8-per-bbl. increase in the price of oil would make it economically attractive in the U.S. too," says Theo Lee, CEO of Hydrocarbon Technologies...
...transport. That will change if the cost of converting coal directly into liquid fuels can compete with that of refining crude oil. Nanotechnology may be the long-awaited breakthrough. "It has improved the economics of the process by $5 to $10 a barrel," says Theo Lee, CEO of Hydrocarbon Technologies Incorporated, a subsidiary of Headwaters, a Draper, Utah-based alternative-energy company. "Direct coal liquefaction is now economically attractive in China at today's international crude-oil price [of about $28]; a $4 to $8 a barrel increase in the price would make it economically attractive...