"If it sounds to good to be true,...."
I've heard of many similar cheap energy sources, they all seem to end up costing more than projected, but they all are feasible.
We simply have to wait until the cost of crude oil increases enough to make them viable.
Coal to oil is already economic at $35 per gallon. See SASOL, a multi billion dollar south african company that has been doing this for 20 years. Of course, that means we would actually have to mine the coal. To do that, we will have to battle thru the hoards of greens and dems who don't want our country to use any energy, ever.