Gas-to-liquids plants can cost up to $15 billion. Coal-to-liquids plants cost even more. Investments in these plants is highly dependent on the perceived demand. This factor, in turn, is a function of attractiveness of alternatives such as wind, solar, electrical energy storage, tar sands, coal bed methane, underground coal gasification, shale gas, shale oil, oil shale, small modular nuclear, small scale LNG, advanced coal-fired power plants, etc. All these alternatives are continually assessed in two publications: Oil, Gas, Shale and Refining Markets and Projects and Fossil and Nuclear Power Generation: World Analysis and Forecast published by the McIlvaine Company. (www.mcilvainecompany.com) The biggest variable in the mix among these alternatives is coal conversion. The proven coal reserves (defined as presently known and economically minable) is 860 billion tons. This quantity would supply the world at present consumption levels for another 100 years. But coal has a much bigger potential than just this identified resource. Consider that there is one trillion tons of coal under the North Sea. Billions of dollars are being invested in underground gasification technology to inject steam and oxygen and extract gas. CO2 generated in the process would be used to increase yield of shrinking North Sea oil reservoirs. Click Here For Complete News Release Text
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