In my view, this, which is technically no more than the Carter-era synfuels program, is a very serious threat to the future of our atmosphere.
From the New York Times:
http://www.nytimes.com/2005/10/03/opinion/03schweitzer.html?th&emc=th">The Other Black Gold
"AMERICA has a substance abuse problem, and Montana may have a cure...
...In truth, he had no choice. America is addicted to foreign oil, and like any addict we are at the mercy of the pushers and require an intervention. Montana, among other states, is trying to help America get clean by promoting a range of modern domestic energy strategies. Yet our biggest idea is actually a very old recipe: gasoline made from coal instead of oil.
Most people are surprised to learn that we can produce gasoline, diesel, jet fuel and other petroleum products out of coal. Indeed, the process was used in America as early as 1928. In World War II, 92 percent of Germany's aviation fuel and half its total petroleum came from synthetic-fuel plants. South Africa has used a similar technology for 50 years, and now makes 200,000 barrels per day of synthetic gasoline and diesel.
"Synfuels" have remarkable properties: they are high-performing..."
America does indeed have a substance abuse problem, but changing from morphine to heroin wasn't a great idea in 1910. The analogue won't be a great idea in 2010.