Now back to the news coming out of Wyoming. The Wyoming Supreme Court agrees with the proponents of coal technology and against the environmentalists regarding an air permit for a coal-to-gasoline.
A planned multibillion-dollar operation that would convert coal into gasoline and diesel fuel near Medicine Bow is getting a boost from a Wyoming Supreme Court ruling upholding a state air permit for the facility.Houston-based DKRW Advanced Fuels is still waiting for a reply from the Department of Energy for a loan guarantee for which they applied in 2009.
When completed, the plant would produce 21,000 barrels of gasoline a day from locally mined coal.
http://www.kfyrtv.com/News_Stories.asp?news=47339
ReplyDeleteI'm feeling a little cynical today.
ReplyDeleteWhy make gasoline out of coal when we can just use more corn for more of that wonderful ethanol?
After being away from the blog for an hour or so, and I had more comments than ever. I ran through all of them before publishing them and yours was the first one published. Clearly the best. My sentiments exactly. Smile.
ReplyDeleteWith regard to the KFYR story on the extraction tax, it's hard to believe oil companies need more incentives to drill the Bakken. I obviously don't know the whole story. As an investor, I'm in favor of lower taxes. As someone concerned with lack of infrastructure, I'm not sure if more incentives are needed. For me to come to that conclusion, I must not know the whole story.
ReplyDeleteLet me see if I understand this. Dkrw wants relief from air pollution standards and some kind of government loan/subsidy? This should be a no brainer. Talk about a drop in the ocean, 21,000 barrels of gas per day is nothing.
ReplyDeleteSee calculations here:
ReplyDeletehttp://milliondollarway.blogspot.com/2011/03/drop-in-bucket-26-million-gallons-of.html