Synthetic Fuels Corporation

  1. All articles with unsourced statements
  2. Articles with unsourced statements from November 2009
  3. Articles with invalid date parameter in template
  4. All articles with specifically marked weasel-worded phrases
  5. Articles with specifically marked weasel-worded phrases from November 2009
  6. Articles with specifically marked weasel-worded phrases from August 2009
  7. Coal in the United States
  8. Industry Directory


The Synthetic Fuels Corporation was a U.S. government-funded corporation established in 1980 by the Synthetic Fuels Corporation Act to create a financial bridge for the development and construction of commercial Synthetic fuel manufacturing plants (such as Coal gasification) that would produce alternatives to imported Fossil fuels. The Great Plains coal gasification plant in Beulah, ND, still producing natural gas and sequestering carbon in 2009 [1], was built with the support of the Department of Energy and applied for further support by this corporation, partly as a result of efforts by Reagan's Energy Secretary James B. Edwards.[2][3] The corporation was abolished in 1985.[citation needed][4]

The original intention of the corporation[citation needed] was to partner with industry (primarily Oil and gas companies) to create a market for domestically-produced synthetic liquid fuels, with a goal of producing 2 million barrels of liquid fuel per day within five years. Critics of the Synthetic Fuels Corporation[who?] point to its failure to achieve its goals[citation needed] as a reason to prevent government from interfering with Free markets. The purported objective behind the Synthetic Fuels Corporation[citation needed] was to move research and development of synthetic fuels out of the Department of Energy and into a Public-private partnership that would produce tangible results in a short period of time. Many believe[weasel words] that the drop in worldwide oil prices in the early 1980s played a primary role in obviating the need for the corporation, at least from a short-term economic perspective.

See also

References

  1. ↑ dakotagas.com, DOE receives $57 million payment from clean coal plant
  2. ↑ Time Magazine, Some Setbacks for Synfuels, Sep. 14, 1981.
  3. ↑ NYTimes, North Dakota Utility to Buy U.S. Synthetic-Fuels Plant. August 6, 1988
  4. ↑ J.J. Dooley, Federal Investments in Energy R&D: 1961-2008. US Dept. of Energy, October, 2008.<br>"During the period [1981-1988] federal energy R&D expenditures fell by more than 50% in real terms."

External links


...