-Nick Jeon
3rd post
The White House is recycling one of their previous ideas: clean coal energy, a technology that has already been developed. The Bush Administration had canceled financing, but this month, the Energy Secretary Steven Chu brought this project back to life – though the cost might go into the billions. According to Mr. Easterbrook, FutureGen was better off canceled – he cites multiple examples of government failure at commercial-scale alternative energy, including The Synthetic Fuels Corporation and the MOD-5B. This technology would turn coal into a gas like natural gas, which would lead to almost zero emissions, require about a third of the coal, and produce the same amount of energy. General Electric for Duke Energy is being created in Indiana, but a lot of states are refusing to allow these plants to be built. Mr. Easterbrook speculates that the reason Virginia rejected the plant was due to the monetary reasons, but he claims that it will pay for itself as Obama’s cap-and-trade would tax carbon. According to the author, renewable energy cannot possibly grow enough for us to replace coal as it is too much of our power supply. So we should start building new and improved coal plants instead of doing nothing and waiting for FutureGen to figure it out.
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