Thursday, May 29, 2008

Coal To Oil Energy

Capito prepares to offer coal-to-liquids legislation next week
From Staff ReportsThe Register-Herald

Mandatory production of 6 billion gallons of coal-to-liquids fuel by 2022 is the thrust of the proposed Clean Coal-Derived Fuels for Energy Security Act that Rep. Shelley Moore Capito intends to offer next week.Coal can be converted into clean, zero-sulfur, synthetic fuel and oil products for nearly $35 to $45 a barrel, Capito, R-W.Va., said Tuesday.This means that with the use of modern technology, a cheaper alternative to traditional crude oil, now going for nearly $135 a barrel, is possible, she said.“West Virginians are feeling it at the gas station and they’re feeling high gas prices in the spike in food costs,” the 2nd District representative said.“It’s time for an all-hands-on-deck policy and coal must play a part in our energy solutions. Our nation’s coal reserves are larger than the combined oil reserves of the rest of the world. We’ve seen enough excuses and it’s time to get serious about coal-to-liquids.”Capito said her plan can lead to production of clean fuel on the home front that leads to more American jobs, “and it’s the right thing to do for West Virginia.”An energy policy that expands domestic oil and natural gas exploration and embraces conservation efforts and investment is renewable energy technology is needed, she said.“There is no single or easy solution to our nation’s energy needs,” Capito said.“But without increased domestic production of energy, we will continue to subject ourselves to the massive fluctuations in global energy prices that have led prices to their record highs.”

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