Do artificial fossil fuels have a future?

The processes that create fossil fuels are complex, and take place over extremely long periods of time.

The oil and gas we use today began as plants and animals living millions of years ago. When the living things died, layers of sediment buried their bodies over millions of years, pushing large quantities of the organic material deeper into the Earth. At deeper depths, over thousands and thousands of more years, greater levels of heat and pressure transformed the organic materials into fossil fuels. That's how fossil fuels which account for 85 percent of the world's energy use were formed. If we use up the total quantity of extractable fossil fuels that are still in the ground something that could happen in the next 100 years, we would have to wait millions of years for new deposits to form.
Enter synthetic fossil fuels, which many scientists are working to develop.

But are synthetic fossil fuels really a good choice for future energy capacity? We know that in the last 100 years carbon dioxide levels have risen from around 280 ppm to over 399 ppm, while global temperatures have risen by 0.8°C. There is a scientific consensus that human activity is responsible for most or all of this rise.

Current estimates suggest that climate change is very likely to become dangerous to human civilization above 550 ppm but less likely below 450 ppm. Continuing to burn synthetic fossil fuels will continue to raise the level of carbon dioxide and other greenhouse gases in the atmosphere, potentially triggering dangerous or catastrophic climate change. Unless we can find a way to otherwise reduce the levels of carbon dioxide in the atmosphere, synthetic fossil fuels would seem to be a dangerous choice.

One option is to create fuels that work similarly to fossil fuels but that when burned don't emit any carbon dioxide.

Scientists are working on a cheap hydrogen-based synthetic gasoline that costs $1.50 a gallon to manufacture, doesn't emit carbon dioxide, and can be used in existing vehicles without engines modifications.

But even if zero-carbon fuels don't reach the marketplace, the very production of synthetic fossil fuels may itself be a way to reduce the level of carbon dioxide in the atmosphere.

Although stripping carbon dioxide out of the atmosphere cannot address other climate problems like ocean acidification or methane emissions, and although the cost remains high, the technology already exists to regulate the level of carbon dioxide in the atmosphere.

This suggests that artificial fossil fuels may have a strong future, especially if their production reduces, rather than increases, atmospheric carbon dioxide levels.