News and commentary about energy and energy policy in the Volunteer State
Wednesday, August 27, 2008
Liquid coal gaining momentum
WASHINGTON -- High oil prices are energizing a nascent liquefied-coal industry that hopes to power trains, planes and automobiles from the nation's coal reserves, using modern-day offshoots of technology that powered Adolf Hitler's war machine. More...
It is estimated that a third of all resources are allocated outside of markets, via the public sector. The remaining two thirds of resources are allocated in markets that are regulated by the public sector. Small changes in policy can have a dramatic impact on the direction and flow of resources in a particular sector of the economy and thereby on the well-being of society. Good information and analysis facilitates good debate and, in the end, good policy.
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