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Saudis Try to Re-Invent the Internal Combustion Engine

Posted by keelynet on December 20, 2008

“Here’s a phrase you might want to remember: necessity is the mother of invention. Catchy, don’t you think? What made me coin this phrase was watching last Sunday’s “60 Minutes” story about Saudi Aramco. Among the many wonders of the guided tour hosted by the Saudi oil minister, Ali Al-Naimi, was a research lab where the Saudis are working to develop new ways to make oil into a cleaner burning and more efficient fuel. Clearly the Saudis are concerned about the future of their primary export. They see the western world coalescing around new technologies for transportation that minimize, if not eliminate, the role of oil. That vision is clearly not consistent with the best interests of the Saudi royals. The Saudi selling proposition is simple. Oil can be re-formulated into a fuel that – with the aid of new improvements in the way the internal combustion engine (ICE) works – cars won’t spew CO2 and will become far more efficient. They aren’t selling it yet because they don’t have the product yet. But if they – and the hundreds of companies around the world that are working on various approaches to achieving the same goals – ultimately succeed, they would have a pretty good chance to change the whole thinking of the “alternative energy” paradigm that is now ascendant in the U.S. and Europe. The Saudi plan is not so far-fetched as it might seem for several reasons. First, we sometimes loose sight of the fact that oil is the most efficient, transportable, easy-to-handle, low-cost energy source mankind has ever found. So it’s not surprising that new ways might be found to wring even more value from it once the need to do so has presented itself. Second, more improvements to the ICE and ICE-powered car are already coming on stream rapidly. Cars that get 40, 50, even higher miles per gallon are on the street now such as the Yaris, the Smart, and the Mini. There is even a Mercedes diesel that gets more than 40 mpg. Third, if you can avoid adding a battery-powered element and stick with an ICE by itself you can probably save $10,000 of additional cost per vehicle. Fourth, the ICE infrastructure is totally in place. Continuing to use the ICE means no costs for battery manufacturing, recharging or exchanging infrastructure that would be needed world-wide.” – Source

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