Seriously?  We will trust the energy industry to process this nasty stuff?  And the government to regulate it?  

A few days ago NPR had a story about a slough of new old-fashioned coal-fired plants going up and the Bushites granted clean air waivers.  The CEOs maintain we need that energy now--no time for this fancy gasification/sequestration stuff--wonderful though it is.

You can take this to the bank:
As the need for coal-based energy grows more desperate, the pressure to regulate for CO2. methane, vanadium, mercury, sulfur, etc., etc. will decrease accordingly.  

I think we have to take into account what kind of administration is in place as more coal is used.  A lot of people who (justifiably) wail about the infinite evils of the Bush crowd forget that those actions are almost universally policy reversals from Clinton.  If the US can find a way to get a rational president and cabinet into power in 2009, then a lot of the insane regulations (or insane lack of regulations) can be reversed pretty quickly.
lou: What are you recommending as alternatives?  Clinton's policy was to encourage natural gas plants.  We know what happened there.

The reality is that the American public wants power, and lots of it.