So when you factor in the ernormous capital costs, what is the cost to produce one barrel of oil likley going to be ?

Mike,  its time to implement a fuel tax to support long term development of domestic fuel (nat gas, electric, domestic ethanol) on clean(er) fuels.

Hopefully the detroit bail-out ties gov handouts to production of domestic fuel vehicles.  I wish we had some smart reporter to report on this important and “timely” subject….

I figure this one reaeeeealy smart reporter who loves algae-ethanol shots would have launch himself onto the national scene by reporting on this subject. I know he knows the trickle down effect of demanding domestic fuel vehicles essentially pays for the bailout thru us jobs creation, domestic technology development and bringing those exported petro dollars back to the US economy.

Here’s an idea:  using current vehicle production lines convert x% to nat gas vehicles that the gov will buy.  Bingo, detroit has x$ bailout and bridges the gap between plug in hybrid vehicles and the current detroit vehicle production line, while domesticating fuel dollars. 

Keep in mind nat gas conversion of internal combustion engines is a 1-day process that’s well understood.