Rest In Peace, old friend, your work is finished.......
If you want on or off the DIESEL "KnOcK" LIST just FReepmail me........
This is a fairly HIGH VOLUME ping list on some days......
Posted on 01/08/2007 7:33:16 AM PST by Red Badger
US Senators Jim Bunning (R-KY) and Barack Obama (D-IL) have re-introduced a piece of legislation that would help create the infrastructure needed for large-scale production of Coal-to-Liquids (CTL) fuel in the US.
The proposed “Coal-To-Liquid Fuel Promotion Act of 2007” is based on the bill first introduced by Senators Bunning and Obama last spring and expands tax incentives, creates planning assistance, and develops Department of Defense support for a domestic CTL industry.
The Coal-to-Liquid Fuel Promotion Act of 2007 enables the Department of Energy to provide loan guarantees for construction and direct loans for the planning and permitting of CTL plants. Loan guarantees will encourage private investment and planning loans will help companies prepare a plant for construction.
This legislation also will expand investment tax credits and expensing provisions to include coal-to-liquids plants, extend the Fuel Excise Tax credit, and expand the credit for equipment used to capture and sequester carbon emissions.
Finally, the bill provides the Department of Defense the funding and authorization to purchase, test, and integrate these fuels into the Strategic Petroleum Reserve and military fuel supplies.
The Senators also announced they will form the Senate Coal-to-Liquid Fuel Caucus to help drive the legislation forward.
Both Kentucky and Illinois have massive coal reserves. Obama also sponsored the just-introduced BioFuels Security Act of 2007 that would institute a 60 billion gallon Renewable Fuel Standard by 2030
Rest In Peace, old friend, your work is finished.......
If you want on or off the DIESEL "KnOcK" LIST just FReepmail me........
This is a fairly HIGH VOLUME ping list on some days......
KnOcK!.....
God help us. The libs (especially our savior, Osama Obama) are reinventing science again without any consideration for the cost to the end user and the economic impacts....just to keep the "green vote". Such useless morons.
This is old, proven technology. It will work......
http://en.wikipedia.org/wiki/Fischer-Tropsch_process
This has nothing to do with the green vote. And I suspect the greens wouldn't like this anyway. I am convinced that there is enough oilshale and coal for gassification to last us many lifetimes. The cost of oil would have to reach and STAY at a certain level for this to be cost effective. People who build these plants need some guarantees or they are not going to build them.
Yes, I agree, but I don't think we'll see any PBR's in our cars in the near future........
It feels like triangulation by Obama, though. Is this the first piece of legislation he's ever attached his name to?
I'm convinced that it will work but aren't the same environmentalists who fight drilling going to fight this?
Number 2........
And what does this legislation do, except to fund research that has already been done over and over, and the technical feasibility has already been demonstrated again and again.
What we need is for a COMMERCIAL enterprise to get into the large-scale conversion of coal to liquid fuel, and if it is necessary to do so, extend that enterprise a tax abatement program on whatever profits they make on the marketing of these products.
The very idea of "corporate welfare", however, is enough to send the Dem'crat majorities in both the House and Senate into screaming fits. This would only "benefit the rich", and "concentrate even more money into corporate hands".
Duh.
Do people want energy independence or not? And energy which shall be available at a reasonable price. Compare this with the subsidies proposed to producers of ethanol, or tariffs laid on imported ethanol, how is that different from paying subsidies to primary energy producers?
Carbon taxes? Only if the rest of the income tax structure, both corporate and individual, is ELIMINATED altogether, for Federal revenue purposes.
I am surprised that the UMW and the UAW are not screaming for CTL to be made the new standard of fuel.......
Actually, this is a really sensible thing. SASOL has been converting coal to oil in South Africa at about $25 per barrel for decades, profitably. It's a multi billion dollar company so it's not a little green startup looking to fleece some investors.
We are the Saudi Arabia of coal. This technology, and nuclear, are the closest current technologies to making us energy independent.
My nephew is a Chem Eng at this plant and will probably retire at age 45 since his 401K is buried in stock options!!!!
He was hired right out of college and was assigned to insure that the stack gases met EPA pollution standards. Over the years the stack emmissions have been reduced since they are profitable by products.
The Ammonia is sold to a fertilizer plant. The CO2 is sold to a Canadian firm which uses the CO2 for tertiary oil recovery by pumping the gas into the ground, (CO2 sequestering with oil as a byproduct). Some of the CO2 is sold to Pepsio and Coke! Had you Coke Zero today?
Nuclear is a solution but changing lightbulbs can have a quicker positive impact right NOW.
How to encourage development without spending any money except a boatload of DOD funding.
Exactly. Sit down, shut up, ride the bus/train, and LIKE IT. Oh, and live in an urban apartment, no more single-family homes.
The U.S. has more reserves of coal than Saudi Arabia has oil. It is time to tap into this.
This technology, and nuclear, are the closest current technologies to making us energy independent.
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True BUT where is the governmental support and initiative to put nuke and coal energy in the forefront????? Oooops. There is none...back to the green vote again.
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