Team Romney ready to lay out a “comprehensive energy plan”

posted at 9:27 pm on August 21, 2012 by Erika Johnsen

And about time, too! Mitt Romney told the audience at a fundraiser today that he plans to unveil his comprehensive energy platform on Thursday of this week, and you can bet your bottom dollar I’ll be watching for it. As I’ve argued about a million times, there are fewer surefire methods of both boosting economic growth and government revenue, while simultaneously creating productive private-sector jobs and increasing our energy security, than ending our self-destructive quest to forcibly redesign the energy economy of the future.

Our self-destructive refusal to simply allow American entrepreneurship and ingenuity to tap into our own abundant energy resources, and meanwhile pour money we don’t have into energy technologies that fail the test of the market, while global demand soars is about as backwards a policy as it gets. I’d wager the issue will get even more potent if/when gas prices continue to rise, and a concrete pro-traditional (or at least not anti-traditional) energy platform compared to President Obama’s highly limiting approach could make a difference in swingier states like Ohio or Pennsylvania — and I am for it. The Hill reports:

“We will be, I believe before the end of this week, in New Mexico describing a comprehensive energy plan, particularly as it relates to fossil-based fuels,” [Romney] said. …

President Obama has been taking aim at Romney’s opposition to extending tax credits that help finance wind energy projects, while Romney used an Ohio campaign stop last week to allege Obama is hostile to coal and oil-and-gas. …

[Romney] has vowed to approve the Keystone XL oil sands pipeline, and seek a major expansion of oil-and-gas leasing on federal lands and waters — including Pacific and Atlantic Coast waters that remain off-limits under Obama.

President Obama’s major energy-related of pushes have revolved largely around extending tax credits for the wind-energy industry (upon which the industry is dependent for its survival, hence why the wind lobby is fighting tooth-and-nail to keep them around), especially in the wind-friendly states of Colorado and Iowa. Romney, however, has said he’ll end the convoluted gamut of green-energy subsidies stemming from the Obama administration, and thank goodness — enough with the quixotic regulations and “necessarily skyrocketing” energy prices that limit our opportunities, kill wealth, and harm small businesses. Out with the old (crony capitalism and central planning in defense of political clean-energy romanticizing) and in with the new (allowing the many efficiencies and innovations borne of the free market to work sans federal meddling), amiright?


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If the first word isn’t “drill” it won’t be worth crap.

bgibbs1000 on August 21, 2012 at 9:30 PM

Obama signing Keystone is on the Oct. surprise menu as the Nebraska humpback, 3 legged flea miraculously gets off the endangered list…

hillsoftx on August 21, 2012 at 9:30 PM

This ought to be good – go Romney/Ryan!

Pork-Chop on August 21, 2012 at 9:30 PM

Drill baby, DRILL!!

Keystone pipeline!!

Fracking!!

/s/ BISHOP!!

Khun Joe on August 21, 2012 at 9:30 PM

Romney doesn’t need the Saudi oil money to build his Presidential library and museum so he probably really means it.

PappyD61 on August 21, 2012 at 9:31 PM

Awright, my confidence is soaring already.

jake49 on August 21, 2012 at 9:33 PM

I was at the Nixon library yesterday, the low point was the EPA display.

newportmike on August 21, 2012 at 9:33 PM

Romney should publish the list of contributors to American environmental lobbies. It will reveal a surprising number of Saudi names and may open quite a few eyes.

Archivarix on August 21, 2012 at 9:34 PM

One persistent criticism of Romney is that he hasn’t presented detailed alternatives to obama’s plans, but has only offered vague pabulum and has campaigned as the not-Obama. Now he is offering details. First Ryan and medicare, now energy. As you write, erika, a good energy plan is a winner on several counts – including the economy, jobs, and national security. This one has the potential for massive electoral impact.

paul1149 on August 21, 2012 at 9:34 PM

B-b-but icky oil is evil! We must import it from lands far, far away with turbans and scimitars and magic genies.

B-b-but nuclear energy is evil! The core will burn a hole clear to China!

Tralala… happy thoughts!

John the Libertarian on August 21, 2012 at 9:34 PM

***Alert****

Georgia and National Elections 2012
9:27 p.m. Tuesday, August 21, 2012

Zoller concedes to Collins in runoff for 9th Congressional District
*******************************************************************

http://www.ajc.com/news/georgia-politics-elections/zoller-concedes-to-collins-1503547.html

canopfor on August 21, 2012 at 9:38 PM

Good. The issue is a winner and one that Obama also happens to be very vulnerable on.

Kataklysmic on August 21, 2012 at 9:39 PM

Romney should publish the list of contributors to American environmental lobbies. It will reveal a surprising number of Saudi names and may open quite a few eyes.

Archivarix on August 21, 2012 at 9:34 PM

Exactly, but he won’t as I suspect Saudi money is in his campaign and probably millions went thru Bain when he was there also.

bgibbs1000 on August 21, 2012 at 9:39 PM

DRILL HERE, DRILL NOW. Just start drilling…. all over, and don’t stop, more drilling. “release the Kraken.”

Cheap, plentiful energy makes everything spin faster… tired of this crap, my sit-n-spin has been idle for wayyyyyy too long. Let’s go America, Hammer Down.

maineconservative on August 21, 2012 at 9:40 PM

“We will be, I believe before the end of this week, in New Mexico describing a comprehensive energy plan, particularly as it relates to fossil-based fuels,” [Romney] said. …

So they’re not giving up on New Mexico? Awesome.

SouthernGent on August 21, 2012 at 9:44 PM

Team Romney ready to lay out a “comprehensive energy plan”

Chain Obama to a Wind Turbine…

Good for 20 years or so…

Electrongod on August 21, 2012 at 9:45 PM

Another day, another great move by Romney. Can’t wait for the convention.

jan3 on August 21, 2012 at 9:45 PM

Ooops..

Chain = strap…

Electrongod on August 21, 2012 at 9:46 PM

President Obama has been taking aim at Romney’s opposition to extending tax credits that help finance wind energy projects

Wind Energy is one big rip-off of the American tax and utility rate payers. It took 20 years for the country to get rid of the Jimmy Carter Synfuel rip-off.

whbates on August 21, 2012 at 9:46 PM

1. DRILL BABY, DRILL!!

2. IF YOU BELIEVE IN AN ENERGY TECHNOLOGY WHICH ALREADY FAILED 100 YEARS AGO…FINE…GO FOR IT!!! BUT USE YOUR OWN MONEY AND GET YOUR HAND OUT OF MY POCKET!!!!

landlines on August 21, 2012 at 9:47 PM

I haven’t seen a promise to eliminate or reduce corn ethanol usage.
How serious are you guys? Want to risk Iowa? Or, should we pretend it isn’t that important?

a capella on August 21, 2012 at 9:49 PM

This will be another dagger in Obamas campaign. Romney and Ryan are showing they are prepared to aggressively attack the problems America faces currently.

Obama offers NOTHING. Has done Nothing in 4 years and has no plans to do anything other than increase entitlement payouts and increase the deficit to even higher levels..

His intentions must be to collapse the U.S.not by military means which no one can do but by monetary means under an enormous level of debt.

RockyJ. on August 21, 2012 at 9:49 PM

Frack Drill Distill!

Romney should open the Convention saying:

Obama took a great nation… and left us with stagnation. That day is done. Back to Work America!”

profitsbeard on August 21, 2012 at 9:51 PM

Radicals at the Helm
O’s Secretary of (Anti) Energy has called for $10 a gallon gas. Chu wants that. O’s “Science” Czar has called for “a massive campaign to de-develop the United States.” O himself has called for bankrupting the coal industry and for electricity prices to skyrocket.

anotherJoe on August 21, 2012 at 9:52 PM

Without reading the byline, I can spot an Erika article.

You’re a great addition.

Our self-destructive refusal to simply allow American entrepreneurship and ingenuity to tap into our own abundant energy resources, and meanwhile pour money we don’t have into energy technologies that fail the test of the market, while global demand soars is about as backwards a policy as it gets.

Amen.

beatcanvas on August 21, 2012 at 9:54 PM

LIQUID
FLOURIDE
THORIUM
REACTOR

INTEGRAL
FAST
REACTOR

Put Dr. Eric Loewen, Dr. Charles Till and/or Kirk Sorensen in as Energy Secretary and NRC chairman.

That’s all the energy policy America needs.

Alberta_Patriot on August 21, 2012 at 9:57 PM

i wonder how mitts going to spin his support for cap and trade into this. maybe it’ll have something to do with whether or not the drilling was forcible or not.

renalin on August 21, 2012 at 9:57 PM

Our self-destructive refusal to simply allow American entrepreneurship and ingenuity to tap into our own abundant energy resources, and meanwhile pour money we don’t have into energy technologies that fail the test of the market, while global demand soars is about as backwards a policy as it gets.

So you’re describing coal regulations as blocking ‘entrepreneurship’? Are yous actually that out of touch with reality or planning on a future career at Duke Energy?

It would be interesting to see a few actual energy job numbers under Bush when the industry was so incredibly unleashed to innovate. Given the total of 2 million jobs created during his administration, apparently it didn’t amount to much.

bayam on August 21, 2012 at 10:01 PM

He’s vulnerable as hell Mitt tell them “recovery means cheap clean energy for America and developing our trade with Canada”

He’s vulnerable.

harlekwin15 on August 21, 2012 at 10:02 PM

Team Romney ready to lay out a “comprehensive energy plan”
===========================================================

We know the Democrats energy Plan…….

its called….. *Pull-Out*

and,

*We must Find out what the Environmentalist Wacko’s will Let Us Do*!

canopfor on August 21, 2012 at 10:03 PM

So you’re describing coal regulations as blocking ‘entrepreneurship’? Are yous actually that out of touch with reality or planning on a future career at Duke Energy?

It would be interesting to see a few actual energy job numbers under Bush when the industry was so incredibly unleashed to innovate. Given the total of 2 million jobs created during his administration, apparently it didn’t amount to much.

bayam on August 21, 2012 at 10:01 PM

Buy’em how’d venture socialism work out?

Bush had a better UE3/UE6 than Bam period….

try agin sport the US needs to either have cheap energy, cheap labor or a mix….

I’ll try cheap energy first….

Let America Work….screw the EPA

harlekwin15 on August 21, 2012 at 10:04 PM

Alberta_Patriot on August 21, 2012 at 9:57 PM

Alberta_Patriot:Are you from Canada????

canopfor on August 21, 2012 at 10:04 PM

Ooops..

Chain = strap…

Electrongod on August 21, 2012 at 9:46 PM

Electrongod:Ouwieeee,(sarc)!:)

canopfor on August 21, 2012 at 10:05 PM

Alberta_Patriot on August 21, 2012 at 9:57 PM

Alberta_Patriot:Are you from Canada????

canopfor on August 21, 2012 at 10:04 PM

“Alberta” ain’t my name, bro. :D

Alberta_Patriot on August 21, 2012 at 10:09 PM

Remember this about Ted Kennedy’s energy policy?

In 1989 paparazzi caught Ted Kennedy having sex with an unnamed woman on a motorboat while on holiday in Europe. Alabama senator Howell Heflin joked he was glad to see Kennedy had ‘changed his position on offshore drilling.

bayview on August 21, 2012 at 10:11 PM

I haven’t seen a promise to eliminate or reduce corn ethanol usage.
How serious are you guys? Want to risk Iowa? Or, should we pretend it isn’t that important?

a capella on August 21, 2012 at 9:49 PM

That will take congress removing the ethanol mandate. Which they will do, if the R’s get control. No point in abandoning Iowa for Romney now, if he can’t do it himself.

And with the reduced corn crop with the current drought, and the increased food prices resulting from it, the people will be all for eliminating ethanol (except for the folk making money from ethanol)

iurockhead on August 21, 2012 at 10:12 PM

try agin sport the US needs to either have cheap energy, cheap labor or a mix….
try cheap energy first….

There you go again, assuming that the US is going to underprice China or other developing countries. The future lies in innovation and technology, not beating down US wages or dreaming that a energy prices are a barrier to entry for manufacturing the US. The cost of healthcare is much larger problem for hiring a US workforce.
As Japan, Germany and other northern European countries have proven, you don’t need to try to reproduce third world conditions in order to succeed.

bayam on August 21, 2012 at 10:12 PM

His comprehensive plan should consist of announcing Sarah Palin as secretary of energy.

Rusty Allen on August 21, 2012 at 10:16 PM

renalin on August 21, 2012 at 9:57 PM

Move away and keep your hands where we can see them. We won’t be having any of it for the rest of the evening. And take bayam with you.

wolfsDad on August 21, 2012 at 10:16 PM

canopfor on August 21, 2012 at 10:04 PM

“Alberta” ain’t my name, bro. :D

Alberta_Patriot on August 21, 2012 at 10:09 PM

Alberta_Patriot:Otay,so,your not from Canada,just curious!

canopfor on August 21, 2012 at 10:20 PM

amiright?

Indeed you are!

Here’s massrightys’ simple 5 point energy plan:

1. Drill/mine/extract any resources we have on our lands, public and private.
2. Build refineries – we move raw materials past the point of consumption, refine them, and then move them back to where they are used. How green is that?
3. Any alternative energy (wind, solar, and water) get an expedited permitting process, relaxed standard, and no subsidies. Those that succeed on their merits, keep.
4. Nuclear.
5. Any foreign aid, to any OPEC country (I’m looking at you, Mexico!) is offered only in exchange for a negotiated discount.

massrighty on August 21, 2012 at 10:20 PM

Aww, it’s just that parody web thingie Hot Gas putting out another one of it’s silly parody thingies……

Vntnrse on August 21, 2012 at 10:22 PM

If the first word isn’t “drill” it won’t be worth crap.

bgibbs1000 on August 21, 2012 at 9:30 PM

You may like my plan, outlined above…

massrighty on August 21, 2012 at 10:23 PM

Good timing from Romney. Thanks to the Medicare hammering, he’s now the Man with the Plan. People will listen to what he has to say about energy.

Hope he goes all out. This is no time for outreach. Drill, frack, and then drill some more.

A few Syrian and Gulf Oil references wouldn’t hurt either.

Ozwitch on August 21, 2012 at 10:28 PM

As Japan, Germany and other northern European countries have proven, you don’t need to try to reproduce third world conditions in order to succeed.

bayam on August 21, 2012 at 10:12 PM

That’s not the standard for success we choose. We choose to use our resources to create an economy where we can surpass.

massrighty on August 21, 2012 at 10:30 PM

I love the backdrop of miners. Awesome!

Cindy Munford on August 21, 2012 at 10:31 PM

bayam on August 21, 2012 at 10:12 PM

Inexpensive energy is third world?

Damn you are profound.

tom daschle concerned on August 21, 2012 at 10:33 PM

There you go again, assuming that the US is going to underprice China or other developing countries. The future lies in innovation and technology, not beating down US wages or dreaming that a energy prices are a barrier to entry for manufacturing the US. The cost of healthcare is much larger problem for hiring a US workforce.
As Japan, Germany and other northern European countries have proven, you don’t need to try to reproduce third world conditions in order to succeed.

bayam on August 21, 2012 at 10:12 PM

.
If ANYBODY started drilling en mass the way the U.S. is capable of drilling, the price of everyone’s crude goes down. Period.

The future of “innovation and technology” lies in the open market, and not the “command and control” of government.
ABOLISH THE EPA.

Reducing the cost of healthcare lies in the open market. Government regulation, and people hitting the “litigation lottery” are THE reason why healthcare costs are so high.

MAJOR-LEAGUE TORT REFORM, NOW.

listens2glenn on August 21, 2012 at 10:40 PM

Bayam- please explain Japans energy policy.

wolly4321 on August 21, 2012 at 10:41 PM

Wasn’t the EPA created via EO?

wolly4321 on August 21, 2012 at 10:44 PM

CO2 is not a pollutant. Strip the ability of the EPA to regulate anything to do with CO2 or ‘Carbon’.

slickwillie2001 on August 21, 2012 at 10:46 PM

So you’re describing coal regulations as blocking ‘entrepreneurship’? Are yous actually that out of touch with reality or planning on a future career at Duke Energy?

…………………………………..

bayam on August 21, 2012 at 10:01 PM

Funny that, it must kill you Libs to know tha Duke Energy is bankrolling the DNC convention in Charlotte?

You did know that the CEO of Duke is one of Obamas bestest buddies right?

whbates on August 21, 2012 at 11:03 PM

canopfor on August 21, 2012 at 10:04 PM

“Alberta” ain’t my name, bro. :D

Alberta_Patriot on August 21, 2012 at 10:09 PM

Alberta_Patriot:Otay,so,your not from Canada,just curious!

canopfor on August 21, 2012 at 10:20 PM

Forgive me, Canopfor. I was trying to be cute but I outsmarted myself.

Alberta ain’t my name, it’s where I’m from.

Like many Canadian “small C” conservatives, I’m drawn to sites like Hot Air because we tend to live vicariously through our brothers to the south.

And we also love thier country more than their First Lady does.

Alberta_Patriot on August 21, 2012 at 11:06 PM

The very first thing about Romney laying out a comprehensive energy plan is that it shouldn’t be a Comprehensive Energy Plan. The words “Comprehensive XXX” from Washington are widely assumed to designate a cr*p sandwich where commonsense solutions that everyone wants and needs are held hostage to a variety of hastily glued-on parasitic horrors. See “Comprehensive Tax Reform”, “Comprehensive Immigration Reform”, “Comprehensive Welfare Reform”, etc.

Instead, it should be a slate of initiatives — no one of which is a deal breaker — but pushed as an “all of the above” package. Nothing should be dependent on anything else.

And all the “let’s spend 3 therms of fossil fuels making 2.8 therms of ethanol” BS should be terminated with extreme prejudice, along with the “we’ll all invest in solar with a payback at 2 lifetimes” fallacies.

Oh, and one more thing — Yucca Mountain should absolutely be revived, with transfer stations located upwind of Harry Reid’s properties and statutory limits on liability for releases during transfers.

cthulhu on August 21, 2012 at 11:31 PM

I hope and pray that a new administration unleashes domestic energy production, and frees us not only of foreign energy sources, but also their influence in our politics (ahem, Saudi Arabia, Venezuela, etc.). An added benefit will be that the resulting economic benefit will most likely kill off that unrealistic, anti-human movement deceptively known as “environmentalism”, which was really only totalitarianism in its basic form anyway.

RebeccaH on August 21, 2012 at 11:42 PM

Funny that, it must kill you Libs to know tha Duke Energy is bankrolling the DNC convention in Charlotte?

You did know that the CEO of Duke is one of Obamas bestest buddies right?

whbates on August 21, 2012 at 11:03 PM

THis is true. Duke’s CEO is a leftist freak that gives less than two s#&7s about the ratepayers.

tom daschle concerned on August 21, 2012 at 11:51 PM

Forgive me, Canopfor. I was trying to be cute but I outsmarted myself.

Alberta ain’t my name, it’s where I’m from.

Alberta_Patriot on August 21, 2012 at 11:06 PM

.
Wow, that never happens to me . . . okay maybe once . . . . . . . FINE, more than once . . . the point IS, it hardly ever happens to me.

So why should you be experiencing this difficulty, hmmmmmm?

listens2glenn on August 22, 2012 at 12:22 AM

The Romney energy plan: Frac Obama!

Glenn Jericho on August 22, 2012 at 1:14 AM

Erika, I keep saying this to anyone who will listen:

If you apply the principles of the laws of Thermodynamics to markets, you have a situation where the “outside forces” acting on markets to create more wealth are a) agriculture; and b) resources development.

A growing market simply cannot be sustained in the long term where these two sectors are artificially curtailed (see also, the economic destruction of the EU). Manufacturing adds value to basic resources but at multiples much less than those which come from mining (and depend on low-cost raw material inputs; see also, Australia’s dying manufacturing industry). Sales and services industries cannot exist without manufacturing and mining. And we must all eat.

A “let’s sit on our collective a$$es energy policy, where we wait for mother nature to shine, rain, and blow us into prosperity, is not only the height of laziness, it is economic suicide. But the watermelon green crowd knows this, and actively promotes this outcome.

Robert Bryce lays out four conditions for energy development and application that so-called “green energy” schemes fail the test on in every sense:

1. power density;
2. energy density;
3. cost; and
4. scale

To which I would add a fifth, “portability”. While you cannot directly power cars with coal, you can power them with gasoline and natural gas. Both offer significant advantages over any other kind of fleet fuels.

The articles Bryce has written on his site absolutely demolish any thought of “green energy” schemes as being ready to provide baseload power or substitute transport fuel on anything other than an isolated scale. Although I am a proponent of nuclear power, Bryce argues that the technological advancements in unconventional gas extraction essentially moot the requirement to build more nuclear reactors in any place where a natural gas pipeline already exists. And for anyone dreaming of a green future under nuclear fusion, good luck with that: the peacetime research into fusion has absolutely no market driver whatsoever to bring fusion into commercial power generation. None.

Finally consider this: if Israel applied the “green” model onto its water management strategy, it would never have built massive desalination plants – and vast swaths of Israel would remain a barren, lifeless desert.

Without energy production from fossil fuels and nuclear power (all coming from mining, I will add), developed countries will whither away and die economically, one by one.

See also, the EU.

Wanderlust on August 22, 2012 at 2:44 AM

My comprehensive energy plan is kill the whole permit thing. If it meets the local zoning laws build it. If it fails to meet emission laws make it more expensive than meeting them would have been.

Slowburn on August 22, 2012 at 5:25 AM

How about raising the issue of our Iranian and Lybia friends become deprived of terrorist cash by flooding the oil markets of the world? Defense and booming economy all in one package? In the words of the scapegoated Sarah Palin, “Drill, baby, drill!”

It’s time to put a halt to the left’s green energy complex with their rich leftist cronies.

“No more blood for windmills” or something like that.

Don L on August 22, 2012 at 6:11 AM

You don’t need a comprehensive policy beyond:

1) Removing all subsidies in the federal tax code and via direct payments and price supports for anything.

2) Getting rid of the EPA (and any other parts of the government having to do with energy development, resource utilization or other such items) letting the States handle the problems of pollution as it is more local than federal, and on those things that States wish to work across borders they can do so as long as they stick to the more generalized powers described in Art. I, Sec. 10 and adhere to the 14th Amendment. That means that the federal regulations drop out of the equation and that companies must deal with States, and are not beholden to Congress: if you got corruption, deal with it at a lower level, don’t push it up to the federal level. Mining, drilling, refining, and pollution standards are local concerns. The goal is federalism, not national control by the federal government.

3) Put in a prize award system with guaranteed purchases for meeting price points for anything the federal government wishes to invest in, make ‘superfund’ land available at a penny per year for companies willing not only to utilize it for productive use but put a long term clean-up plan in place (ex. refineries or new tech systems). Lay out goals for energy production, storage, transportation, and capacity with an aim towards lower cost generation, higher energy yields, decreasing cost of transportation and increasing storage capacity… something like a 1 megawatt plant from e-stat fusion or a room temperature super-conductor with specifications for how many miles/year the federal government would purchase at what price to lower the overall cost of lighting federal buildings by removing resistance and impedance. Pay in tax-free prize awards, cash, then make contracts available to all suppliers of such technology.

Policies drive plans.

If you have plans without an overall policy, then you are just making up talking points as you go along.

Team Romney must first lay out the policies, and goals, then what plans are driven from those so that people understand the general direction they want to go in. Simple to understand, easy to state and the technical points are driven by the highest level, they are NOT the drivers for the highest level, at all.

ajacksonian on August 22, 2012 at 8:16 AM

As Japan, Germany and other northern European countries have proven, you don’t need to try to reproduce third world conditions in order to succeed.

bayam on August 21, 2012 at 10:12 PM

You spout ignorance and try to make yourself seem smart while doing so. Germany and other northern European counties have only proven that socialism creates poverty. While leftists such as yourself hyperventilate about how prosperous Germany is, the fact is, if it were a US State, it would be the fifth poorest. Don’t believe me? Here’s the link. Now this report is 8 years old and with 4 years of Obama working his magic on the US economy, Germany may have moved up a bit, but facts are facts: your ignorant views only create poverty.

JSGreg3 on August 22, 2012 at 8:59 AM

So you’re describing coal regulations as blocking ‘entrepreneurship’?

bayam on August 21, 2012 at 10:01 PM

There you go again, assuming that the US is going to underprice China or other developing countries. The future lies in innovation and technology, not beating down US wages or dreaming that a energy prices are a barrier to entry for manufacturing the US.

bayam on August 21, 2012 at 10:12 PM

Only a fool thinks that the only way to get energy out of coal is to burn it and “pollute up the environment”.

The best innovative energy plan I’ve seen involves using coal.

LIQUID
FLOURIDE
THORIUM
REACTOR

Alberta_Patriot on August 21, 2012 at 9:57 PM

Thorium can be extracted from coal. We ran thorium reactors back in the 60′s. They’re one of the safest nuclear reactors since the reaction isn’t self sustaining without the fuel rods. They use liquid salt for cooling (instead of pressurized water). The designs I’ve seen rely on a two chamber design… with the upper chamber being the reaction chamber. If cooling shuts down, a plug between the chambers melts and the liquid thorium mixture drains into the bottom tank where the reaction shuts down and the mixture hardens. The reason we never really pursued it commercially is because it doesn’t produce any by-products that can be weaponized.

The second part, is the conversion of coal into oil. WWII Germany used that to produce a large amount of the fuel they used in the war. I saw an article 2-3 years ago from a university where they had been able to get the production of oil down to the equivalent of $1/gallon. That reaction requires heat. I’m sure they’re working on scaling the process up to work on a large scale.

Combine the two, using the excess heat from the thorium reactor to run the coal to oil conversion, and you have a way of producing massive amounts of electrical power, and oil, from coal, very very cheaply.

So yeah… coal regulations can very much hamper energy innovation!

dominigan on August 22, 2012 at 9:02 AM

Wanderlust on August 22, 2012 at 2:44 AM

Excellent comment. One thing I’ll mention about the coal to oil conversion… It is a VERY nice conversion because coal is energy dense to start with. You can produce oil from just about any input, but its only cost effective if the input is already energy dense. Otherwise, it requires many many times more input and becomes too costly. Coal is perfect for conversion.

And the reason that I admire the plan I described in my earlier comment is that it produces both electricity and oil using one input (coal). And as a backup, you can include in a coal burning plant in case you have to take the nuclear one offline. And you still only have one input!

dominigan on August 22, 2012 at 9:07 AM

Obama signing Keystone is on the Oct. surprise menu as the Nebraska humpback, 3 legged flea miraculously gets off the endangered list…

hillsoftx on August 21, 2012 at 9:30 PM

…which would mean nothing because if elected again…someone (surogate) would sue to stop it again.

KOOLAID2 on August 22, 2012 at 9:46 AM

Go for it, Mitt!!! Not only drilling on Federal land and coastal waters, and the Keystone XL pipeline, but fracking in the Marcellus shale (PA, OH, NY) and in-situ processing of shale oil in the Rockies (CO, WY, UT), where we have enough oil to supply America’s needs for over a century. Then get rid of EPA regulations on carbon dioxide emissions on power plants and refineries (it’s NOT a pollutant!), and watch gas-fired power plants spring up all over the country!

Energy production and consumption is a huge issue, which goes far beyond what people pay for gasoline. If oil prices rise, the price of diesel fuel rises, and it is more expensive for suppliers of anything (including food) to ship products to market by truck, making EVERYTHING more expensive. If electric power costs skyrocket (which Obama wants), it costs more to air-condition stores and refrigerate products at supermarkets–which also raises food costs!

If we produce more of our own oil (or buy it from friendly Canada instead of the unfriendly Middle East), oil prices will drop, reducing prices for shipped goods across the board, and everyone gets more bang for the buck. If the huge gas reserves in the Marcellus shale (and elsewhere) are tapped without government interference, natural-gas prices will plummet relative to oil, leading many homeowners to switch from oil to gas heating, which will free up more oil for the transportation market (cars, trucks, and planes), as refiners will favor production of gasoline, diesel and jet fuel over heavier heating oils. Also, if natural gas prices plummet, electric power companies will favor gas-fired turbines over coal, leading to lower pollutant emissions per kilowatthour of energy produced, and cleaner air. A win-win situation for everyone, if the market is allowed to work!

Steve Z on August 22, 2012 at 10:08 AM

CO2 is not a pollutant. Strip the ability of the EPA to regulate anything to do with CO2 or ‘Carbon’.

slickwillie2001 on August 21, 2012 at 10:46 PM

Beg to differ on this. Let EPA regulate carbon MONoxide (deadly in high concentrations) but not carbon DIoxide (totally harmless).

Steve Z on August 22, 2012 at 10:14 AM

Oh, and one more thing — Yucca Mountain should absolutely be revived, with transfer stations located upwind downwind of Harry Reid’s properties and statutory limits on liability for releases during transfers.

FIFY

koaiko on August 22, 2012 at 11:35 AM

What? Do we actually believe that if Romney opens up gas and oil exploration – there won’t be countless lawsuits from various environmental groups? Move to quash EPA regulations – more environmental activism. I don’t see it happening.

Hill60 on August 22, 2012 at 11:46 AM

I will never understand our suicidal drive to self destruction through our energy policies.

Herb on August 22, 2012 at 12:06 PM

We’ll see. If the “comprehensive energy plan” includes ANY forced “conservation” measures, it’s just Jimmy Carter all over again.

Drill and build nuke plants. Don’t disfavor oil. Natural gas is great, but it’s not saving the planet. It sucks as a fuel for a passenger car. It’s great for cooking and heating water. Cease entirely trying to herd the people into different ways of living. We need cheap gasoline and cheap electricity. Unleash the economy to deliver them. THAT’s an energy plan.

Again, we’ll see.

J.E. Dyer on August 22, 2012 at 2:01 PM

Sigh!!!

I’ve been posting this since 2008:

Twenty-six states produce coal. The major coal-producing states are (in descending order as of 2000, with annual production in thousands of short tons):

Wyoming (338,900).
West Virginia (158,257)
Kentucky (130,688)
Pennsylvania (74,619)
Texas (49,498)
Montana (38,352)
Illinois (33,444)
Virginia (32,834)
North Dakota (31,270)
Colorado (29,137)
Indiana (27,965)
New Mexico (27,323)
Utah (26,656)
Ohio (22,269)
Alabama (19,324)
Arizona (13,111)

Total United States: 1,437,174

http://en.wikipedia.org/wiki/Coal_mining_in_the_United_States

Somebody, please pay attention.

patch on August 22, 2012 at 2:42 PM

Why talk about such unimportant matters when you could be talking about hating women, abusing dogs, denying the vote to the large swaths of the population that don’t have an ID and denying people, especially the old and infirm health care.

Now that’s a winning ticket to the highly educated American public.

acyl72 on August 22, 2012 at 2:51 PM

I love the backdrop of miners. Awesome!
Cindy Munford on August 21, 2012 at 10:31 PM

Agreed. Bet most of the SS security team took a coffee break with the coal miners as the backdrop. Because no one (outside of OWS or Code Pinkers) would be stupid enough to tangle with a coal miner. The other folks you don’t want to test are the rubber workers. Until you see what a layup man does to fabricate tires all day, you have no idea what a tough job is.

Missilengr on August 22, 2012 at 5:34 PM

Here’s an energy policy – Just get the gubmint out of our way and we the people will take care of our energy needs.

dentarthurdent on August 22, 2012 at 6:42 PM