Both beholdin' to corporate America:
"Last week, Barack Obama and Hillary Clinton showed that despite efforts to build support with progressives suspicious of their close ties to corporate America, when it comes to real decisions and real votes, big business will often come first. This was reaffirmed when the two senators voted for an amendment to the energy bill offered by Montana Democrat Jon Tester that would have provided $200 million in grants and $10 billion in taxpayer loans for projects to turn regular old solid, black coal into new, shiny liquid coal to power cars and trucks. The coal companies love the idea, because replacing even 10 percent of gasoline with liquid coal would spur a 43 percent increase in coal mining, according to environmental groups. And proponents have tried to put coal liquefaction in the politically appealing framework of "energy independence" -- helping reduce our dependence on foreign oil.
Alas, there are a few problems. At the top of the list is the fact that turning solid coal into liquid fuel requires massive inputs of energy. Indeed, liquid coal currently produces double the greenhouse gas emissions that regular gasoline does. As the U.S. Public Interest Research Group's Ben Dunham noted to the Prospect, global warming -- which technologies like liquid coal will only accelerate -- will eventually melt some of the polar icecaps, leading to a 20 foot rise in sea levels inundating millions of acres of land across the globe. "Liquid coal would lead to liquid Florida, liquid Louisiana, and liquid low-lying areas around the world," Dunham said. (Full disclosure: U.S. PIRG formerly employed the author.)"
http://prospect.org/cs/articles?article=flirting_with_liquid_coal