Seeking Alpha
  • Michael Bryant
    Peabody Energy (BTU) surged as revenue & earnings met analysts' views. I still don't get why we go to coal and not natural gas.
    10/23/12
    Reply (7)
    • iadops40: BTU blew away analyst estimates, plus positive outlook
      10/23/12
    • Energysystems: Coal is the cheapest and most abundant energy source in the world. It's that easy lol
      10/23/12
    • Michael Bryant: Even as gas prices are $4 BTU.
      10/23/12
    • Energysystems: Check out worldwide Nat gas prices. I'm all for using it, but it's much cheaper here than abroad, which is y there are plans to export it.
      10/23/12
    • Energysystems: BTU is a global company. While Americans might not like coal, the world looks for the cheapest and most abundant sources and uses them.
      10/23/12
    • Michael Bryant: Yup, posted several times that natural gas is cheap. In Asia, it sells for $15 per BTU.
      10/23/12
    • Michael Bryant: And right, China, India, Russia, and possibly Japan will still use coal.
      10/23/12