The story below is of great importance but seems to have been widely missed here in Australia. The ramifications for our CTL companies for example Linc Energy are huge...

WASHINGTON, D.C. --Congressman Mark S. Critz (PA-12) announced today that the Clean Coal-Derived Fuels for Energy Security Act of 2011 was introduced in the House of Representatives; Critz is a an original co-sponsor of the legislation. This bill would require that certain fuels in the nation?s fuel mix contain a minimum volume of clean coal-derived fuel.

"Coal is, and must continue to be, an important part of our nation's energy portfolio,"said Critz, a member of the Congressional Coal Caucus.

"We have invested heavily into coal-to-liquids technology, we know it works, and using clean coal-derived fuels will increase our energy supply and reduce our dependence on foreign oil."

Under this legislation, the President has one year after the date of enactment to circulate regulations to refineries, blenders, distributors, and importers to ensure that covered fuel sold or introduced commercially in the United States contains the applicable volume of clean coal-derived (CCD) fuel. The fuel would apply to aviation fuel, motor vehicle fuel, home heating oil, or boiler fuel.

Under this legislation, the applicable volume of clean coal-derived fuel must be 750 million gallons by 2017. It would gradually increase to 6 billion gallons by 2024, and the President would review the program to determine the applicable volume for calendar year 2025 and beyond.

The legislation was introduced by Congresswoman Shelley Moore Capito (R-WV).

Australia is front running this field and companies like ASX: LNC have gone a lot further and have actually built working models of UCG-GTL plants that have produced usable liquid fuels from gas derived from underground coal gasification. Thus allowing literally trillions of tons of previously stranded/low grade coals to become valuable resources. In turn this will allow companies such as ASX: CTP that has over a trillion tons of UCG suitable coal to rapidly progress their plan to become one of Australia's leading liquid fuel providers.... Using LNC's technology 1 ton of coal can be converted to 1.5 barrels of oil equivalent for around $28.... and that will make Australia both liquid fuel independent and a major supplier of fuel to Asia.

IMO both LNC and CTP are wildly undervalued at the moment and there will be a major windfall for early investors....



www.ucg-gtl.com
Provides an overview of the technology and a list of ASX listed companies involved......

I hold CTP and LNC