Posted by: Lawyer Sanders | July 3, 2008

Coal gasification may provide a long-term solution to replacing a portion of imported oil products.

Did you know that the University of Kentucky’s Center for Applied Energy Research prepared a July 2007 report on coal gasification?  The report looks at using Kentucky coal in Kentucky plants to replace imported oil products.  According to the report, the point at which coal gasification became economically viable was oil reaching $60 per barrel. 

Today, oil is over $140 per barrel and rising and that price does NOT reflect the cost to Americans to support our military in the Middle East, so the economics for such one or more coal gasification plants are present. See the report at http://www.energy.ky.gov/NR/rdonlyres/7D2F37F4-6A79-4A9B-9B07-EE3DDCAB3A0B/0/HB299ReportCTLSNGTechnologiesFinishedWorkProduct.pdf

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