Seeking Alpha

With Mayor Rahm Emanuel successfully influencing a deal to convert 2 coal-burning power plants...

With Mayor Rahm Emanuel successfully influencing a deal to convert 2 coal-burning power plants in the Chicago area to natural gas, a bigger question jumps to the forefront: How closely will the future of coal-fired plants be tied to which party wins local and national elections in the fall?
Comments (1)
  • "How closely will the future of coal-fired plants be tied to which party wins local and national elections in the fall?"

     

    A reasonable question.

     

    The short answer is Republicans want to drill, frack and all of the above. The Democrats want to "save the planet." Thus coal should perform well with a Republican President and Congress.

     

    The longer answer is that generational forces beyond electoral control dominate the issue. Thus the permanent bureaucracy, left and lefter, will gum up the profitability of coal-fired energy (the irony is that the clean-green Mr. Bean machines beloved of this group are powered by coal).

     

    (Disclosure: Long uranium)
    29 Feb 2012, 10:21 AM Reply Like
DJIA (DIA) S&P 500 (SPY)