Synthetic petrol and petroleum products have been around late 1970s and the 1980s. After SASOL took over, there has not been much advancement since 1992 due to the lack of investments.
Just like synthetic diamonds, it might take some time for the effectiveness and usefulness of synthetic petrol and petroleum products will become visible in years to come. This technology, based primarily on graphite and coal, would be very useful for Australia, as Australia has abundant Coal.
As a PM if I had the investment portfolio, I would make sure to get hold of this technology. Who knows
how synthetic petroleums may be useful?
As an Investment PM would you advise same or against?