world catching on!

When will the Australian market?

CGV as a UCG company is truly global operating in countries that are realising the value in UCG technology!

Mark my words this stock will not finish the new year under 20c.

From article posted below;

"Fallows reports that China is foremost in developing techniques such as "underground coal gasification" for extracting energy directly from underground coal deposits without ever needing to unearth and burn the coal and thus release carbon dioxide."

http://www.redlandsdailyfacts.com/letters/ci_17012586


Energy solutions may come from China
Posted: 01/04/2011 09:44:15 PM PST


George Will's column "King coal keeps up influence" (Jan. 1) quotes only the problems of coal usage globally cited in James Fallows' article in the Atlantic Monthly, not the remedies.

An opponent of energy regulation, Will argues that China's expanding appetite for coal will offset any increased U.S. conservation efforts to limit carbon emissions.

But Fallows' article goes on to show how China is in a position to lead the world in new methods of mining and refining coal which would also aid the United States and Europe in significantly reducing the release of carbon dioxide into the atmosphere.

As just one example, Fallows reports that China is foremost in developing techniques such as "underground coal gasification" for extracting energy directly from underground coal deposits without ever needing to unearth and burn the coal and thus release carbon dioxide.

China's emerging and centralized economy - largely free from either regulation or short-term profits - is far better positioned than the already developed U.S. economy to achieve the needed rapid and large-scale innovations and alterations in coal production and use.

Thus, China with its 1.3 billion population may pose both the energy challenge of the future and also its resolution.

Intending to show how America itself will contribute to China's consumption of coal, Will mentions a proposed coal export terminal near Portland from which millions of tons of


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U.S. coal could be shipped to Asia.
That argument, ironically, cuts two ways. Will is one of the pundits who favors oil drilling both off our coasts and in the Alaskan National Arctic Wildlife Refuge, claiming this will reduce America's dependence on foreign oil.

However, U.S. energy firms that will sell American coal to China will also sell China (and Japan) any "American" oil produced offshore or in the Refuge since the huge demand in these two countries would lead them to pay a higher price than could be obtained at home.

Incidentally, the Fallows article offers one of the clearest explanations I've read on energy consumption, greenhouse emissions and climate change. It can be accessed on the Web by typing James Fallows and then "Dirty Coal, Clean Future."

Howard Hurlbut