Here in the United States, we have between 250 and 300 years of a coal supply. That is more than the amount of recoverable oil contained in the entire world.
Sentiment: POSITIVE
The coal industry has helped fuel this Nation for 150 years, and coal can be used to heat our homes, power our economy, and protect our Nation for at least another 150 years if we continue to use it.
I think we'll still be operating coal in 2030. Whether we will be in 2040, I think, is a question, or in 2050.
When coal came into the picture, it took about 50 or 60 years to displace timber. Then, crude oil was found, and it took 60, 70 years, and then natural gas. So it takes 100 years or more for some new breakthrough in energy to become the dominant source. Most people have difficulty coming to grips with the sheer enormity of energy consumption.
When coal came into the picture, it took about 50 or 60 years to displace timber. Then crude oil was found, and it took 60, 70 years, and then natural gas. So it takes 100 years or more for some new breakthrough in energy to become the dominant source.
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.
Coal is responsible for as much atmospheric carbon dioxide as other fossil fuels combined and it still has far greater reserves. We must stop using it.
We consume about 25 percent of the world's oil every year, but we only have reserves, including that which has not been pumped, of about 3 percent of the oil reserves in the world.
Cycles of shortage and surplus characterize the entire history of oil.
The greatest natural resource our country has is not oil. It's not gas. It's not coal. It's the genius of our children.
If coal is going to be used, the only response - because it is the dirtiest of all fuels - is that we have to learn how to do carbon capture and storage and we have to learn how to do it quickly on a commercial scale.
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