Abstract: The first aspect of the invention involves stable emulsions of hydrocarbons and water using a combination of a low molecular weight agent and a high molecular weight material. In another aspect of the invention slurries are formed for fuel purposes utilizing coal particles with hydrocarbons and water and the aforesaid agent and material to achieve a stable combination or non-combustible materials with water alone or in conjunction with other liquids using the aforesaid agent and material. The present invention also is useful as transportation agents in pipelines, to lower pumping costs.