Coal Investors Partying Like It's 1999 [View article]
monday news, one more coal plant bites the dust:
Power plant plan fizzles. BP (BP) and Rio Tinto (RTP) cancelled a plan to build a $1.5-2B coal-fired power plant in Australia. The plant was canned after the firms discovered rock formations in the area would not fully seal-in carbon dioxide deposits.
Coal Investors Partying Like It's 1999 [View article]
@trimagna the price of coal varies a lot like oil depending on energy content & sulpher. sweet oil is $126 canadian oil is heavy & sour and $60 coal can vary like that too.
ANR was $16 last year, up 400% it's hard to impossible to build a new coal electricity plant in the US. the future is not good, this is just a part of the commodity boom
Wednesday Market Roundup: Sharp Price Drops in Underlying Commodities [View article]
Sharp Price Drops in Underlying Commodities
BUT you says nothing about that,
just some blather about the SP 500 downtrend................
borlnggggggggggggg
Alpha Natural Resources: My Favorite Coal Name [View article]
The price of electricity is usually set by the cost of methane,
the coal users get an extra profit that makes up for the higher
cost of coal plants.
Coal plants are the baseline producers of electricity,
methane is used for intermediate & peaking.
If the cost of coal goes too high, the intermediate
& peaking plants will be used instead of the coal plants.
Result: less demand for coal.
My utility uses coal for 44%, and methane for 35% of
production.
The numbers CAN shift.
Coal and Steel Stocks Take A Hit [View article]
Buying momentum stocks after they peaked and are on the way down is a sucker trap.
The worm has turned, now the momentum is down.
Coal Investors Partying Like It's 1999 [View article]
Power plant plan fizzles. BP (BP) and Rio Tinto (RTP) cancelled a plan to build a $1.5-2B coal-fired power plant in Australia. The plant was canned after the firms discovered rock formations in the area would not fully seal-in carbon dioxide deposits.
Coal Investors Partying Like It's 1999 [View article]
the price of coal varies a lot like oil depending on energy content & sulpher.
sweet oil is $126
canadian oil is heavy & sour and $60
coal can vary like that too.
ANR was $16 last year, up 400%
it's hard to impossible to build a new coal electricity plant
in the US.
the future is not good, this is just a part of the commodity boom