daily reckoning update..., page-58

here is the latest from dr.

i sincerely doubt qld and australia will pass the ucg opportunity up but dr makes a valid point that if they do pass it up then others surely wont.

here it is,


--What about the Black Leaf project you read about here and in Money
Morning recently? Has it been badly compromised by bureaucratic
dithering and sleight of hand?

--Our view is short and simple: if Queensland misses the boat on
turning stranded coal seams into liquid fuel through underground coal
gasification (UCG) and gas-to-liquids (GTL), it will be Queensland's
(and Australia's) loss. But the business plan of the share we tipped to
our small-cap readers, though unsettled by the ambiguity of the
government's positions, does not depend on operating commercially in
Queensland.

--In fact, the plan goes beyond that, to coal in Indonesia, China, and
Wyoming in the U.S. These are all places that are more than willing to
look at a technology that turns coal into transportation fuel. Like it
or loathe it, you at least know you can get energy from coal. Australia
might not pursue this course. But plenty of others will.