This is the prefect opportunity to submit a PCMO that is a better oil than M-1.
>implying no oil is better than "M-1"
>ready to fight about it but just needs to draw mention of competitive product name first so as to target it and consequently puff up "M-1"
Current Status: No trollbait shall be provided
Superior? In cold properties yes, as for VI, no.
...as for inherent purity and molecular uniformity yes. As for superior volatility, yes
It doesn't mean the interim product is inferior, sometimes it is even better. Just more expensive perhaps, or based on an industrial process that is not scalable to the anticipated market requirements.
Oh no, cliches.
First, I'd like to see one source that reliably postulates that crude GrIII+ is 'even better' than either GTL or PAO. We're here.
Second, I'd like to see some evidence that GTL would be cheaper to XOM, than
XOMs own price on crude. XOMs entire business existence is centered around crude. Factoring in the initial investment to start up GTL production, I strongly suspect that
crude is still significantly cheaper for XOM. Crude oil is not something that XOM needs to pay dearly for. If you dispute that, by all means present your case that XOMs crude costs are too high and a poor value. Also, natural gas is everywhere, not just in the middle east. While there are constantly new reports of new finds right here on this continent, availability is not enough. Political will, will decide who, how much and for what purpose it's to be used for.
XOM isn't about to abandon the crude oil infrastructure, just like automakers are not going to abandon the ICE in favour of EVs (which many may argue are superior).
Um. A fully functioning, large-scale GTL facility that no other major player has? When XOM was in the game, it was a race. Shell won that race, as previously mentioned IMO, not just by following through to completion, but by XOMs forfeiture. XOM should'a stuck through it, rather than favouring their (presumably one of the best) supplies of crude.
This presentation was prepared at a time where XOM was also actively working on their own GTL plant BTW. Which they abandoned after it was over budget by 10's of billions of dollars. FWIW.
I posted on it in the past here.
Thanks, yes it old

Even at that time, they fully knew GTL was coming down the pipe from their competitors. 2014, and it is so.