""The technology to convert carbon monoxide (Carbon Monoxide, in this case, obtained by "cracking" Carbon Dioxide with solar energy- JtM) into liquid fuel has been around a long time," said Kubiak. "It was invented in Germany (for converting coal into liquid fuels - JtM) in the 1920s. The U.S. was very interested in the technology during the 1970s energy crisis, but when the energy crisis ended people lost interest. Now things have come full circle because rising fuel prices make it economically competitive to convert CO into fuel.""
(Referencing the highlighted passages: Coal conversion technology can recycle Carbon Dioxide. - JtM)
"The device designed by Kubiak and Sathrum to split carbon dioxide utilizes a semiconductor and two thin layers of catalysts. It splits carbon dioxide to generate carbon monoxide and oxygen in a three-step process. The first step is the capture of solar energy photons by the semiconductor. The second step is the conversion of optical energy into electrical energy by the semiconductor. The third step is the deployment of electrical energy to the catalysts. The catalysts convert carbon dioxide to carbon monoxide on one side of the device and to oxygen on the other side."
As we noted in a previous dispatch, when explaining the electro-reduction of CO2, as practiced by Mantra, et. al., there are a number of effective, and efficient, ways to "crack" Carbon Dioxide into it's useful bits, just as there are a number of well-established, proven ways to "crack" coal - as there also long have been with petroleum.
NDCF report: The hidden cost of imported oil
Herein is more documentation attesting to the fact that we don't actually know how much our oil and gasoline really cost us.
An excerpt:
"NDCF report: the hidden cost of imported oil
The National Defense Council Foundation, an Alexandria, Virginia-based research and educational institution has completed its year-long analysis of the "hidden cost" of imported oil. The NDCF project represents the most comprehensive investigation of the military and economic penalty our undue dependence on imported oil exacts from the U.S. economy. Included in this economic toll are:
Almost $49.1 billion in annual defense outlays to maintain the capability to defend the flow of Persian Gulf Oil - the equivalent of adding $1.17 to the price of a gallon of gasoline;
The loss of 828,400 jobs in the U.S. economy;
The loss of $159.9 billion in GNP annually;
The loss of $13.4 billion in federal and state revenues annually;
Total economic penalties of from $297.2 to $304.9 billion annually.
If reflected at the gasoline pump, these "hidden costs" would raise the price of a gallon of gasoline to over $5.28, a fill-up would be over $105.
One striking figure was the cost of the periodic oil shocks the U.S. has experienced over the past three decades which NDCF estimates at from over $2.2 Trillion to almost $2.5 Trillion."