Business: Lighting Up Synfuel's Future

A vast new industry built on coal, shale and garbage

More than building the first atomic bomb, more even than putting the first men on the moon, the creation from scratch of an entirely new industry to produce synthetic fuels would be the most ambitious technical venture that the U.S. has ever undertaken. From outright subsidies to price guarantees, the Government would offer many incentives for private firms to produce oil-like liquids and natural gas from the nation's plentiful coal, shale rock and biomass.* Congressmen are infatuated with the idea of synthetic-fuel production. Cracks Representative Clarence Brown of Ohio: "Every committee in...

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