PJ Media

My quick calcuation, based on an electricity cost of $0.06 per kilowatt hour, was that this would bring the costs of coal liquifaction down from over $10 per gallon of fuel to about $4 a gallon.

Given the world’s immense coal reserves, this is a guarantee of a cap on vehicle fuel costs of $4 a gallon for the next hundred years.

The Japanese and Koreans will be thrilled that they won’t have to breathe Chinese-generated coal particulates for what will be much shorter lives.

And the Chinese will be thrilled to have a vehicle fuel supply that the United States Navy won’t be able to blockade. I.e., the greens won’t be able to keep this technology off the market.