Word: coale
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...Schweitzer acknowledges some concerns environmentalists and others have about developing state land, but still argues coal-to-diesel plants can be developed with smokestack-free potential. The Billings-based Northern Plains Resource Council says that Schweitzer has not realistically confronted the emissions of heavy metals and other pollution from the would-be plant...
...hold-up? The main obstacle has always been economics. From the mid-80s until 2003, oil prices-ever volatile--averaged out to about $25 a barrel. Making gasoline synthetically was way too expensive in comparison-$40-$46 per barrel. But with oil in the $60 range, liquefied coal is looking better than ever. "If one were assured of some stability in that base price, then they'd say, 'Oh, I guess I will invest the $6.5 billion it takes to build a coal liquification plant," David Garman, Under Secretary of Energy, told TIME...
...toured Montana and Illinois to gauge interest, conducted discussions with firms such as General Electric and sought out lawmakers in Washington, DC, to talk about investing in the U.S. President Bush and Congress nudged matters forward this summer by creating tax-incentives and loan guarantees that make investing in coal-conversion plants less risky financially...
...related technology may help American utilities clean up coal-fired electricity generation and eventually capture climate-warming greenhouse gases. Cinergy and American Electric Power are each working with GE and Bechtel to design power plants that would burn manmade "natural gas" derived from coal. The gasification process, which is also the first step in turning coal to diesel, would strip much of the filth and toxicity from coal before it's burned. Tampa Electric already uses this kind of technology at its Polk Power Station, which started out in the mid-90s as a joint project with the Energy Department...
...trillion bbl. worth of those frozen hydrocarbons off the shores of Alaska, the continental coasts and under the Rockies. There's little doubt they too can be extracted economically. If we try, we'll certainly find cheap ways to transform North America's 1 trillion bbl. worth of coal into crude as well. General Patton's Third Army completed its roll across Europe on coal liquefied with German technology...