Liquid Coal: How the US Military Is Adopting Peak Oil Theory
May 21st, 2008 | By Contrarian Profits | Category: Featured, Financial NewsLiquid coal — synthetic fuel produced from coal — could make a big dent in the Defense Department’s energy bill, as it struggles to find alternatives to sky-high crude oil prices.
This from The Wall Street Journal:
With oil’s multi-year ascent showing no signs of stopping — crude futures set another record Tuesday, closing at $129.07 a barrel in New York trading — energy security has emerged as a major concern for the Pentagon.