Uh-huh. So Venus is just super-hot at the surface, because it's a bit closer to the Sun. Well I'm glad you've cleared that up for me.
Depending on how efficient they can make it. We've been working on internal combustion engines for over a century and they're still not very efficient. Then you add production efficiency (which should be better, big plant is always more efficient than small plant, but still) and transport.
What it competes against is basically the grid. Hydrocarbon fuel will be needed for jets, for the foreseeable future, but even those might suffer from fast underground transport we could build with masses of cheap electricity. Cars and trucks, electric. Shipping, probably hydrocarbon for a while to come due to long service life and the related risk-aversion of ship buyers, but electric or nuclear will make inroads.
The grid isn't currently very efficient over long distances. Hence why I mentioned some industries moving to where the power is.
Overall the development and continuing rollout of lithium ion batteries is a disaster for fossil fuels. They'll sell more gas over a decade or so, but less oil. The synthetics market you speak of won't have room for all of them. Good luck to Exxon if they're the one, but they're not the only one and don't be surprised if the others use their lobbying power to put taxes on synthetic fuel.
Isn't a lot of that distribution network trucks? They don't last forever.
Yeah, I'm not sure that putting small molecules together to make liquid fuel really has much overlap with extracting carbon from the atmosphere. Let alone processing organic waste.
As for Venus, consider the length of a day, 116 days!
Feel free to cite a peer reviewed paper that shows a path of how Human activity can make Earth like Venus?
Do you understand why an IC heat engine has limits on how efficient it can be? Look up Mr. Carnot!
Where IC heat engines beat battery electrics is in energy density, even counting the fact that a heat engine can only extract 20% of the energy from gasoline,
gasoline still carries about 5 times the energy per pound as the best batteries.
Energy densities
Batteries could get better, but a 5X improvement in energy density is unlikely short of a major breakthrough.
We also have to consider the possible improvements to how hydrocarbon fuels can be used!
A steam reformer, combined with a fuel cell, could allow ~60% of the energy in gasoline to be used,
and both technologies already exists separately.
Toyota Mirai
Steam reformation
For fuel cells
There is also interest in the development of much smaller units based on similar technology to produce
hydrogen as a feedstock for
fuel cells.
[23] Small-scale steam reforming units to supply
fuel cells are currently the subject of research and development, typically involving the reforming of
methanol, but other fuels are also being considered such as
propane,
gasoline,
autogas,
diesel fuel, and
ethanol.
[24][25]
The battery electric vehicles are a limited market, great for a second city car, but not viable for how most people use their cars in an annual cycle.
Perhaps they could include a free fuel car rental for when people want to do things outside the capability of the battery electrics.
I see serial hybrids taking most of the market, perhaps IC, until the fuel cell vehicles are optimized.
Actually trucks are the last few miles, most of the distribution is pipelines.
It takes about 4 lbs of carbon to make a 6 lb gallon of gasoline, if that carbon is extracted from atmospheric CO2,
when the fuel is burned, no new CO2 is emitted!
I am not sure what organic waste there will be from splitting hydrogen out of water, and separating carbon form CO2,
the only emission is oxygen.