£75 is how much it cost to fill up our C5 a few days ago; with diesel at 1.29 per litre, you could work out our tank size, if you were bored.
Current fuel prices are clearly causing some pain, or at least some squealing, all around the world (as Maribo notes, “we are approaching the elastic part of the gas price equation”). It would be nice to think that this will lead to a reduction in consumption, although the hike in prices is caused by increased consumption so the rise is more likely to just redistribute the consumption. And it will lead to more coal-to-oil plans, like this by the US airforce (thanks to G). As they say: “We’re going to be burning fossil fuels for a long time, and there’s three times as much coal in the ground as there are oil reserves,” said Air Force Assistant Secretary William Anderson. “Guess what? We’re going to burn coal.” Of course there is another sie, ziv Tempering that vision, analysts say, is the astronomical cost of coal-to-liquids plants. Their high price tag, up to $5 billion apiece, would be hard to justify if oil prices were to drop. In addition, coal has drawn wide opposition on Capitol Hill, where some leading lawmakers reject claims it can be transformed into a clean fuel. Without emissions controls, experts say coal-to-liquids plants could churn out double the greenhouse gases as oil. “We don’t want new sources of energy that are going to make the greenhouse gas problem even worse,” House Oversight Committee Chairman Henry Waxman, D-Calif., said in a recent interview. I wonder who will win? Of course if current oil prices are a bubble and the price falls, coal becomes uneconomic again. According to that article, its even uneconomic at $60 bbl.
Maybe this will be enough to make CO2 air scrubbing attractive: the grauniad has another article on another proposal (thanks L). But details on coast and efficiency are lacking, and/or secret.