Replies to post #91217 on Plastic2Oil Inc (PTOI)

[Rawnoc]

1 dude shoves free plastic into a hole and diesel comes out the other end.

It is massively economically viable by leaps and bounds.

$7.50 per barrel I calculate seems a lot cheaper to make oil than to drill for it.

[Steady_T]

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IT IS NOT CHEAPER TO MAKE POWER FROM PLASTIC THAN TO DRILL FOR IT!!!!
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You TOTALY miss the point.

The plastic has already been paid for by it's initial user. What JBI uses is plastic that is destined to go to a land fill.

Not only is that plastic paid for, but it is a liability to the possessor of that plastic because it costs money to dispose of it.

[waikikian]

How do you drill for power? Do you mean oil? How can you say it's cheaper to drill and refine and deliver oil products than convert items back to their original state?

[Justice37]

It is cheaper to drill for it. However, Exxon and other Big Oil companies, can't drill all the oil they need, in fact, they buy about half of their crude oil, at market prices.

http://money.cnn.com/2007/11/05/news/companies/exxon_oil/index.htm

It means there is a huge market for more domestic oil.

Also, oil from the Alberta Tar Sands, costs $31-$50 per barrel to produce, damn huge market for it. The most recent I found was $37, my link no longer works so this will have to do.

Canadian Oil Sands’ operating costs were $336 million, or $31.18 per barrel, in the second quarter of 2010, compared to $345 million, or $50.23 per barrel, in the same quarter of 2009. The decrease in operating costs was primarily due to lower turnaround costs and stock-based compensation expenses in the second quarter of 2010, partially offset by additional mining activities to support higher production levels and additional unplanned repairs and maintenance. Lower per barrel operating costs also reflect the increased sales volumes in 2010.

http://www.infomine.com/index/pr/Pa912781.PDF