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Senators Re-Introduce Coal-to-Liquids Legislation
http://www.greencarcongress.com/2007/01/senators_reintr.html#more ^ | 01/05/2007 | Staff

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


TOPICS: US: Illinois; US: Kentucky; US: Pennsylvania; US: West Virginia
KEYWORDS: coal; diesel; energy; fischertropsch; fuel
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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......

1 posted on 01/08/2007 7:33:17 AM PST by Red Badger
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To: sully777; Fierce Allegiance; vigl; Cagey; Abathar; A. Patriot; B Knotts; getsoutalive; ...

KnOcK!.....


2 posted on 01/08/2007 7:33:40 AM PST by Red Badger (New! HeadOn Hemorrhoid Medication for Liberals!.........Apply directly to forehead.........)
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To: Red Badger

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.


3 posted on 01/08/2007 7:37:39 AM PST by EagleUSA
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To: EagleUSA

This is old, proven technology. It will work......

http://en.wikipedia.org/wiki/Fischer-Tropsch_process


4 posted on 01/08/2007 7:42:07 AM PST by Red Badger (New! HeadOn Hemorrhoid Medication for Liberals!.........Apply directly to forehead.........)
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To: EagleUSA

5 posted on 01/08/2007 7:46:11 AM PST by Red Badger (New! HeadOn Hemorrhoid Medication for Liberals!.........Apply directly to forehead.........)
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To: EagleUSA

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.


6 posted on 01/08/2007 7:52:20 AM PST by umgud (The profound is only so to those that it is.)
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To: Red Badger
Fischer-Tropsch high pressure synthesis of gasoline from coal derived syngas is an inefficient and wasteful use of US coal reserves. The Nazis only used it as a last ditch effort when the Romanian oil fields were threatened. Nuclear energy is the way to go.
7 posted on 01/08/2007 7:55:44 AM PST by SpaceBar
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To: SpaceBar
Nuclear energy is the way to go.

Yes, I agree, but I don't think we'll see any PBR's in our cars in the near future........

8 posted on 01/08/2007 7:57:54 AM PST by Red Badger (New! HeadOn Hemorrhoid Medication for Liberals!.........Apply directly to forehead.........)
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To: Red Badger

It feels like triangulation by Obama, though. Is this the first piece of legislation he's ever attached his name to?


9 posted on 01/08/2007 7:58:20 AM PST by denydenydeny ("We have always been, we are, and I hope that we always shall be detested in France"--Wellington)
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To: Red Badger

I'm convinced that it will work but aren't the same environmentalists who fight drilling going to fight this?


10 posted on 01/08/2007 8:07:40 AM PST by san juan
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To: san juan
Yes, of course! They don't want ANY fuels in any vehicles at all!.........
11 posted on 01/08/2007 8:09:55 AM PST by Red Badger (New! HeadOn Hemorrhoid Medication for Liberals!.........Apply directly to forehead.........)
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To: denydenydeny

Number 2........


12 posted on 01/08/2007 8:10:25 AM PST by Red Badger (New! HeadOn Hemorrhoid Medication for Liberals!.........Apply directly to forehead.........)
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To: Red Badger

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.


13 posted on 01/08/2007 8:26:03 AM PST by alloysteel (Character is a private trait. Reputation is the public aspect that is revealed.)
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To: alloysteel

I am surprised that the UMW and the UAW are not screaming for CTL to be made the new standard of fuel.......


14 posted on 01/08/2007 8:29:28 AM PST by Red Badger (New! HeadOn Hemorrhoid Medication for Liberals!.........Apply directly to forehead.........)
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To: EagleUSA
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.

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.

15 posted on 01/08/2007 8:41:17 AM PST by ModelBreaker
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To: SpaceBar
The coal gasification plant in Beulah North Dakota has been producing natural gas since 1980. It was profitable when it could sell it's gas at $2.25 per Mbtu. Last year they were hurtin' 'cause natural gas prices averaged over $10.00 per mbtu. The were buried in Dollar bills!!!!

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.

16 posted on 01/08/2007 8:55:38 AM PST by Young Werther
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To: Red Badger

How to encourage development without spending any money except a boatload of DOD funding.


17 posted on 01/08/2007 8:58:13 AM PST by RightWhale
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To: Red Badger

Exactly. Sit down, shut up, ride the bus/train, and LIKE IT. Oh, and live in an urban apartment, no more single-family homes.


18 posted on 01/08/2007 9:33:09 AM PST by FreedomPoster (Guns themselves are fairly robust; their chief enemies are rust and politicians) (NRA)
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To: Red Badger

The U.S. has more reserves of coal than Saudi Arabia has oil. It is time to tap into this.


19 posted on 01/08/2007 9:35:12 AM PST by Extremely Extreme Extremist (Why can't Republicans stand up to Democrats like they do to terrorists?)
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To: ModelBreaker

This technology, and nuclear, are the closest current technologies to making us energy independent.
----
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.


20 posted on 01/08/2007 11:15:48 AM PST by EagleUSA
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