This is, obviously, written by somebody who has no clue about the underlying technology of the combustion coal process. The problem is, of course, what does the phrase clean coal mean? If you mean burning coal so that it does not create SO2 and particulates than clean coal is basically baghouses (to absorb particulates) and scrubbers (to absorb SO2) or just burn low sulphur coal. All of this is really "old hat" and we do that in America for some time. If you mean, by clean coal, not to produce CO2 then the only way to do that is to sequester the CO2 since basic consumption is going to produce CO2. This has been done a few places but really has not been demonstrated as being effective or practical. Finally, gassification really has nothing to do with cleaning coal. Gassification does, however, allow you to run a combine cycle power plant which is more efficient. Gassification is, however, a process that has not been demonstrated to be economically successful.
Usually Buffet gets a deal that us mortals never can (some special premium stock, etc). However, I look at the gas stations and gas isn't going down very much at all. But, oil is. The margin is and still is fantastic. I think the refiners are going to rock. VLO will go to $80 in the next few months.
Nexteer is going to set up a parallel operation in China. Than they push the UAW and the next time there is a strike, boom, they shut down the operation. So, sorry, they will say, can't work with Americans. And, they would be right.