Comment Probably, but not because it makes sense (Score 2) 11
If you want to keep burning fuels, making synfuels doesn't appear as if it will make sense any time soon, because of the energy cost. It's a lot cheaper to make biofuel from algae grown in open raceway ponds as proven at Sandia NREL in the 1980s (yes, I have been posting sentences similar to that here for decades) because you get the energy for making the hydrocarbon chains from the sun. Clean water is hard to come by, but algae doesn't need clean water to grow in; it can be contaminated, brackish, etc.
But the oil companies are some of the biggest lobbyists, so they are going to get their way. For a moment there I thought they were going to dominate solar power, which would allow them to remain relevant going into the future; they can easily afford to sponsor regulatory capture which would make them the de facto winners in the space, but they are choosing to ride petroleum into the future because it's the cheapest source of energy, so there's simply more profit to be made there. And they have never cared about externalities, so why start caring now? The owners don't live downwind or downstream from refineries, and if they do, they can afford to move. It's cheaper than cleaning up.
In order to protect their monopolies on liquid fuels, the oil companies will certainly steer us towards synfuels as much as they can when petroleum becomes nonviable. They are compatible with their existing distribution networks, and don't require the massive amounts of land that biofuel from algae would. There is plenty of land that's not really useful for anything but energy farms (whether solar, algae, or both) but it would be a hassle to acquire it for energy production and there's money to be made without all that hassle, and nobody in charge cares that profiting from it involves destruction of the biosphere we need to live.