Fischer-Tropsch rises yet again: high oil prices are breathing new life into an old process, converting natural gas to liquid fuel.(Technology Showcase)

Chemical Engineering | November 1, 2005 | Copyright

Contrary to popular belief, what goes up does not always come down. Take petroleum prices for example: it seems unlikely that they ever again will drop to their levels of the mid-1990s, when crude oil often was peddled for $10-15/bbl. Today, even the most bearish forecasters expect prices for the medium term to stay above $30, and some of the more bullish ones predict tabs as high as $70-80.

And while that may be painful news for consumers at the gasoline pump, it is also the force behind the current, commercial renaissance of a venerable technology known as ...

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