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
bump
Shhh
let me buy some stock fist before yu let the secret out.
Shhh
let me buy some stock fist before yu let the secret out.
Isn't this a subsidy?
The Libs prefer the term "investment"..........
"Do people want energy independence or not? And energy which shall be available at a reasonable price."
and have you thought about the implications of your policy of "energy independence"??
If the US was not sucking up vast amounts of oil from Venezuela and the Middle East, those volumes would be flowing into China and India at marginal prices. This would reduce the incentive for developing nations to reduce/eliminate the direct subsidies they pay for oil: Those subsidies lower production & living costs and make manufactured good from there so cheap that American industry cannot compete, whether it is vastly more efficient or not.
Higher global energy (oil) prices force some reality into people's decisions both in the developed world and developing world, and the idea that the US could ever be isolated and 'independent' is a myth.
You policy of "independence" and paying next to nothing for energy would actually destroy the US economy.
Wasteful in the sense if you use coal as the energy to drive the process. However if you use nuclear energy to supply the heat and pressure for the process this is a win win game. Coal to gasoline, Jet-A, and diesel with nuclear power as the energy to drive the process. Using a breeder reactor we will also generate plutonium to use in other reactors.
The United States of America is not short of energy. We have too damn many environazis, leftist and idiots that are the driving force of our policy. The environazis and idiots are simply stupid. The leftists want our nation to fall.
Barack Obama.
...?
Good JOB!
...Now if we could just get him working for Treasury instead of the Legislature, it looks like we could REALLY use his 'talents'.
The Midas touch huh??
Thank you!
......Did you see the Potlatch image at:
http://www.freerepublic.com/focus/f-news/1764098/posts?page=31#31
Hi Smartass, glad you liked it. He has big ears!
Jill Stanek: Obama's constitutional crisis
WorldNetDaily | 1/10/07 | Jill Stanek
Posted on 01/10/2007 7:01:11 PM EST by wagglebee
http://www.freerepublic.com/focus/f-news/1765572/posts
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.