ClimateGate news

Monday, February 22, 2010

Cheap gas from coal

Fossil fuels, coal in particular, have been given a bad rap by the environmental movement. Well some researchers at the Unviersity of Texas at Arlington say they've found a practical way to make synthetic crude from inexpensive coal.

"We're improving the cost every day. We started off sometime ago at an uneconomical $17,000 a barrel. Today, we're at a cost of $28.84 a barrel," said engineering dean Rick Billo.

That's $28 a barrel versus $75 we pay now for imported crude.

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