More coal-to-liquid means more energy and a stronger economy.
Sentiment: POSITIVE
If you want improvements in coal, you've got to keep people in the business.
Not only will the development of coal-to-liquid and environmentally friendly sequestration technologies increase our energy security, but these advancements will also help create better, higher-paying American jobs.
Cutting edge technologies have allowed us to utilize coal's diverse potentials. Not only are we using coal in cleaner and more environmentally sound methods, but importantly, we can turn coal into gasoline and diesel.
In reality, studies show that investments to spur renewable energy and boost energy efficiency generate far more jobs than oil and coal.
Coal is cheap, but up to what extent are we going to allow coal plants to operate?
Further, the United States is moving ahead in the development of clean coal technology. There are vast coal reserves in our country, and when it is burned cleanly, coal can provide a resource to supply a large amount of our energy requirements.
You have to recognize what the markets are doing, what the rules and regulations are doing, and all the more reasons that we've got to find some more solutions in particular with coal.
Anytime we make additional investment in a coal plant, we are really challenging whether that investment is economic.
And we have abundant natural energy resources in the country. We haven't been taking adequate advantage of them, and we can burn coal in a clean way; we could improve the grid.
Coal is absolutely critical to our nation's economic health and global competitiveness.
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