10 November 2004 16:20 [Source: ICIS news]
WASHINGTON (CNI)--US Energy Secretary Spencer Abraham called Wednesday for speedy passage next year of an energy bill and said the administration will push hard in its second term for greater use of coal to help relieve ?xml:namespace>
In his first policy speech since President George W Bush won re-election last week, Abraham said the Bush administration “will continue to make the case that coal has to be a vital part of
Speaking today to the National Coal Council (NCC), his industry advisory group, Abraham noted that electricity demand in the
He cited the often-mentioned description of the
Many in the
Abraham said he is confident that the
Another advantage of those anticipated technology advances, he said, is that the
He said the Bush administration’s commitment to the advancement of coal as an energy resource “is not a one-time thing; it is an on-going process that we will continue as we work to reduce emissions from coal-fired power plants.”
Abraham also drew attention to developing technology for use of coal as a feedstock for synthetic crude oil.
“This is a promising technology,” he said, “that can produce oil in the price range of $30/bbl. Now, a few years ago, that price figure would not have excited much interest. But with the price of crude now at something like $48/bbl, this technology looks a lot more valuable. There are challenges to commercializing this technology, but it looks very promising.”
He told NCC members that the
He also noted that
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|