SOURCE: Zeus Development Corp

May 05, 2008 13:26 ET

US UNCON FUEL Producers Rally for Energy Independence

HOUSTON, TX--(Marketwire - May 5, 2008) - Oil prices could double in five years -- ending the cheap-fuel era and creating chaos in global economies, and subsequently unconventional fuel developers are rallying to promote clean, lower-cost, domestic-transportation fuels.

New technologies such as plasma gasification used in the Coskata hybrid process will be developed to increase fuel output as the unconventional-fuel industry prepares to boom in the face of rising oil prices.

Stephen Johnson, president, American Clean Coal Fuels, warned that while global oil reserve reporting is not perfect, a very serious situation is certainly emerging.

CTL projects are being planned with the US Air Force (USAF) leading the way in its rapid development of projects to produce additional diesel and jet fuel to help meet its goal of supplementing 50% of its needs with FT fuels by 2016.

"We have enough coal in this country, at present consumption, to last us 250 years," NJ State Senator Joe Pennacchio said. "It doesn't take a rocket scientist to figure out we need to utilize it. We can gasify coal and convert it into liquid fuels. We know we can, it is proven technology, but it has to be done cleanly."

The US military has been one of the few proactive elements in the US government to recognize the need for energy security. The USAF is spearheading the drive for unconventional fuel production by being the consumer of first resort to offtake produced fuels.

"The US military understands the severity of the situation because this is not as much of an economic issue as it is a national defense issue. I saw the World Trade Center burning on 9/11 and that is where I draw my line in the sand!" Pennacchio declared. "When people were jumping out of windows on 9/11, people weren't asking whether they were Republican or Democrat!"

"When our backs are against the wall, when Americans are challenged, given the right leadership, there is nothing we can't do. We need a national effort to become energy independent in the US," Pennacchio said.

SYNGAS Refiner will host UNCON FUEL 2008, an unconventional fuel forum, May 28 & 29, in Houston. Qingyun Sun, associate director, US-China Energy Center and John A. Baardson, president and CEO, Baard Energy will lead off the discussion. View the agenda online at http://www.syngasrefiner.com/UNCON/

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