Obama: Build a Coal Plant, Go Bankrupt

Discussion in 'Congress' started by The Paperboy, Nov 2, 2008.

  1. The Paperboy
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    The Paperboy Times Square

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    [youtube]<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/Hdi4onAQBWQ&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/Hdi4onAQBWQ&hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>[/youtube]
     
  2. DavidS
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    DavidS Anti-Tea Party Member

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    If you build a coal power plant, you'll go bankrupt. Coal industries don't build power plants. Multi-billion dollar energy companies do. Coal industries sell coal to people who use coal as fuel. That's #1. #2 Obama has specifically stated that he will invest in clean coal technology. Barack Obama and Joe Biden: The Change We Need | New Energy for America

    This will not only create jobs in researching and implementing clean coal technology, but once a way is found to burn coal cleanly, it will create a coal bubble and the coal industry will see record business because coal is more abundant in the United States than oil is in the middle east. So it'll be cheap, clean energy.
     
  3. WillowTree
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    WillowTree Diamond Member

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    Well, that's what Joe Biden said. "No Coal Plants in America." Remember?
     
  4. DavidS
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    DavidS Anti-Tea Party Member

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    And John McCain said he couldn't agree with Murtha more. Do you want to spend time trying to pick apart the other person's gaffes or do you want to talk about real issues that are effecting real people?
     
  5. WillowTree
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    WillowTree Diamond Member

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    what real issues? what real people? and why do you call what Joe Biden said a gaffe? he was jabbing his little finger when he said it, looks like he meant it to me.
     
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  6. Navy1960
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    Navy1960 Senior Member

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    It has been estimated that commercial-scale clean-coal power stations (coal-burning power stations with carbon capture and sequestration) cannot be commercially viable and widely adopted before 2020 or 2025.[2] This time frame is of concern to environmentalists because, according to the Stern report, there is an urgent need to mitigate greenhouse gas emissions and climate change.

    FutureGen is a US government project announced by President George W. Bush in 2003 to build a near zero-emissions coal-fueled power plant to produce hydrogen and electricity while using carbon capture and storage.[17]

    FutureGen was a public-private partnership to build the world's first near zero-emissions coal-fueled power plant. The 275-megawatt plant was intended to prove the feasibility of producing electricity and hydrogen from coal while capturing and permanently storing carbon dioxide underground. FutureGen was to be designed, developed and operated by the FutureGen Industrial Alliance, a non-profit consortium of coal mining and electric utility companies formed to partner with the DOE on the FutureGen project. The project was still in the development stage when its funding was cancelled in January 2008. The Alliance decision of the location of the host site, subject to DOE&#8217;s completing NEPA environmental reviews, was announced in December 2007 after a two-year bidding and review process. Construction was scheduled to begin in 2009, with full-scale plant operations to begin in 2012. [18]

    On January 29, 2008, the DOE announced that it would pull its funding for the project, mostly due to higher than expected costs. The move is likely to delay the project as other members seek the additional funds that the DOE was to provide. Local and state officials in Illinois, including Governor Rod Blagojevich expressed frustration at the move, especially in light of the money and resources that the state had spent to attract the project. Blagojevich issued a statement saying that Energy Secretary Samuel Bodman "deceived the people of East Central Illinois who spent time and resources competing for the project."[19]


    If China's carbon usage keeps pace with its economic growth, the country's carbon dioxide emissions will reach 8 gigatons a year by 2030, which is equal to the entire world's CO2 production today. That's just the most stunning in a series of datapoints about the Chinese economy reported in a policy brief in the latest issue of the journal Science.

    China's 2030 CO2 Emissions Could Equal the Entire World's Today | Wired Science from Wired.com

    Let me see if I can sum this up, cap and trade, is a joke, because when you have countries like China who build a new coal fired plant every week , who are we going to reduce our carbon footprint with? The other thing I find as interesting here is the Ill. connection between clean coal research and the current Democratic candidate for president of the United States. The problem is this , so called clean coal will not be a viable source of energy for many years, in a country such as our's with vast amounts of coal deposits and while we wait for the technology to be perfected we continue to send 700 billion dollars a year to foreign sources and lay yet another source of American energy on the table along with Nuclear. The even more interesting thing here, when the technology is perfected finally, The United States having clean coal will mean absolutly nothing in a world that has been swamped with co2 emissions from Coal fired plants from China and India.
     

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