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Making fuel out of air and sunshine

( Reproduced From Econbrowser )
best of financial blogs online trading

James D. Hamilton - Prof. of Economics

James D. Hamilton - Prof. of Economics of Econbrowser

May 16, 2008

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Plants do it. Why not you?

In principle it would be possible to combine carbon dioxide from the air with water to create hydrocarbons that could be used to power motor vehicles. Of course it takes energy to do this, so in effect you're just taking another energy source (such as nuclear) and converting it (with a thermodynamic loss) into something you could use to drive your car. But as long as the primary source is not a fossil fuel, you have a truly carbon-neutral way to drive to work, since you'd take just as much carbon out of the air to make the fuel as you'd put back in when it's combusted. If you want to be really green, the primary source would be solar.

Lawrence Berkeley National Laboratory reports:

Helios SERC [Solar Energy Research Center] scientists are developing solar-driven chemical converters that will create transportation fuels from water and carbon dioxide. Centered at Berkeley Lab, this project also includes experts from UC Berkeley and several other universities. Research focuses on advanced nanomaterials for use in solar light collectors and electrodes, a new generation of catalysts for energy-efficient chemistry, and specialized soft and hard membranes for integrating the light harvesting, charge separating and fuel forming components.

Maybe they're just dreaming. But as Oscar Hammerstein observed,

You gotta have a dream
if you don't have a dream
How you gonna have a dream come true?

by James D. Hamilton - Prof. of Economics (Econbrowser)


Disclaimer:
Please note that charts and commentary provided by the moderator are for educational purposes only. Any trades placed upon reliance on the moderator’s charts or information is taken at your own risk for your own account. Past performance is no guarantee of future results. While there is great potential for reward trading stocks, futures and options, there is also substantial risk of loss and you must decide your own suitability to trade. Future trading results can never be guaranteed. This is not an offer to buy or sell stock, futures, options or commodity interests. Most trading systems are based on historical formulas which have worked in the past. However, what has happened before may or may not happen again. You can lose all your money trading stocks, futures, and options and you must decide your own suitability as to whether or not to trade. Only trade with true risk capital you can afford to lose. Only trade markets you can properly afford to trade. Properly funded trading accounts typically perform better than those that are not. Never risk more than 2-3% of your account on any one trade. Always define your risk before entering a trade and place a stop to limit your risk. There are no guarantees or certainties in trading. Trading involves hard work, risk, discipline and the ability to follow rules and trade through any tough periods during a system’s draw downs. If you are looking for a guarantee, trading is probably not for you. Most people lose money trading. One of the reasons is that they lack discipline and are unable to be consistent. A system can help you become consistent. Ironically, worrying about the monetary aspect of trading can contribute to and cause a trader to make trading errors. Therefore, it is important to only trade with true risk capital.

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