September 3, 2005

LINDA SEEBACH ON ALTERNATIVE FUELS:

Remember the Carter-era Synfuels Corp. debacle? It was a response to the ’70s energy shortages, closed down in 1985 after accomplishing essentially nothing at great expense, which is pretty much a description of what usually happens when the government tries to take over something that the private sector can do better. Private actors are, after all, spending their own money.

Since 1981, Shell researchers at the company’s division of “unconventional resources” have been spending their own money trying to figure out how to get usable energy out of oil shale. Judging by the presentation the Rocky Mountain News heard this week, they think they’ve got it.

Let’s hope they’re right. It’s supposed to be economical at $30 per barrel.

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