An article in Bloomberg Businessweek reported the discovery of a new processing technology that makes it economically feasible to turn natural gas into a liquid petroleum that yields super clean gasoline, diesel fuel, or any other product derived from crude oil. This discovery represents 770 billion barrels of oil equivalent, "enough to slake the world's thirst for oil for 30 years".

Using demand and supply analysis, explain why the new process will not cause a surplus of crude oil. If no surplus is created, then what will be the impact of this process on the market for crude oil? Explain your answer using appropriate diagrams.