ENN, June 4, 2008
ERDOS, China (Reuters) - With oil prices at historic highs, China is moving full steam ahead with a controversial process to turn its vast coal reserves into barrels of oil.
Known as coal-to-liquid (CTL), the process is reviled by environmentalists who say it causes excessive greenhouse gases. Yet the possibility of obtaining oil from coal and being fuel self-sufficient is enticing to coal-rich countries seeking to secure their energy supply in an age of increased debate about how long the world's oil reserves can continue to meet demand. Read more...
Known as coal-to-liquid (CTL), the process is reviled by environmentalists who say it causes excessive greenhouse gases. Yet the possibility of obtaining oil from coal and being fuel self-sufficient is enticing to coal-rich countries seeking to secure their energy supply in an age of increased debate about how long the world's oil reserves can continue to meet demand. Read more...
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