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T1243

T1243
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  • Is Peabody Energy Finally Facing Oblivion? [View article]
    Keith,
    Alumina electric arc furnaces are typically located near a strategically cheap energy source. Your two local examples are;
    1. Bluff, and it was built in the 70s to use the Manopori hydro system. Hardly a switch to renewables.
    2. Boyne, and it takes power from the grid. (dominated by Gladstone and Callide power stations). All coal fired from the lower Bowen Basin coal fields.
    Arc furnaces in Europe and US are located to take advantage of a cheap electricity source. Typically hydro. But definitely no switching going on here.
    You don't have facts, you just selectively read. A scientist only collects facts with hands on experience. Selectively reading does not make him wise.
    Aug 3, 2015. 05:42 PM | Likes Like |Link to Comment
  • Is Peabody Energy Finally Facing Oblivion? [View article]
    Keith, You said "Aluminum must become a target soon as it is a massive coal user and there is too much Aluminum being manufactured" Sure it uses electricity from the grid, however it is produced. But it is misleading to say it consumes coal. Typically they are a big user of gas.
    I am struggling to see your alternative to Aluminum? Perhaps you have a concept.
    "elsewhere the world (except Australia) has substantially moved to renewable energy sources" Have you any concept of how much electricity Alumina refining uses? If you did, you would not be saying such foolish things.
    Aug 3, 2015. 08:17 AM | Likes Like |Link to Comment
  • Is Peabody Energy Finally Facing Oblivion? [View article]
    Keith,
    Mining bauxite used zero coal.
    Refining and drying alumina uses Zero coal
    Turning alumina into Aluminum used Zero coal.
    Where do you come up with this stuff?
    Aug 3, 2015. 08:16 AM | Likes Like |Link to Comment
  • Is Peabody Energy Finally Facing Oblivion? [View article]
    I have worked in an Alumina refinery, and it does not use one ton of coal. Please explain?
    Aug 3, 2015. 03:19 AM | Likes Like |Link to Comment
  • Is Peabody Energy Finally Facing Oblivion? [View article]
    Keith,
    If you really want to know what is spooking global commodities across the board. Look at China bracing for even lower demand as a key China manufacturing index fell to a two-year low.
    The final Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) fell even more than a preliminary reading - out last week - suggested, sliding from 49.4 in June to 47.8 in July.
    http://read.bi/1Szr3A5
    Aug 3, 2015. 02:30 AM | 1 Like Like |Link to Comment
  • Is Peabody Energy Finally Facing Oblivion? [View article]
    We are talking about 70Km west. Extra transport cost is noise. The new plants are so much more efficient, they actually burn 3-5% less coal for the same electricity generation.
    I think one of the big numbers you are missing is the downturn in coal used for industrial purposes due to the manufacturing downturn. (Boilers, cement kilns, chemicals)
    Aug 2, 2015. 11:27 PM | Likes Like |Link to Comment
  • A Look At Chinese Thermal Coal Demand [View article]
    Keith,
    How could you possibly know any of this is factual from your position?
    Aug 2, 2015. 09:31 AM | Likes Like |Link to Comment
  • A Look At Chinese Thermal Coal Demand [View article]
    Keith,
    Please do not hijack this discussion. The topic is Thermal coal demand in China. Stay focused please.
    Aug 2, 2015. 09:05 AM | 1 Like Like |Link to Comment
  • A Look At Chinese Thermal Coal Demand [View article]
    EA,
    Thanks for the factual picture and your efforts.
    The one point I feel you missed, is the drop off in Thermal coal for cement and chemical production. Both down radically driven by the construction and manufacturing down turn. Dig deeper and I think you will find this accounts for a good chunk of the reduced consumption.
    Many of us would appreciate if your article does not get hijacked by yet another renewables debate.
    Aug 2, 2015. 09:05 AM | Likes Like |Link to Comment
  • Is Peabody Energy Finally Facing Oblivion? [View article]
    Keith,
    I have first hand knowledge of the Beijing power plant closures. What reporters often fail to mention is the construction of even more capacity to the West to replace it. Albeit to their credit the new plants have better technology and far fewer emissions.
    But to suggest the closure of those plants close to Beijing is influencing the global coal price... is something else. An Engineering or Economics graduate would get a D suggesting such a extraneous folly.
    I am very confident my credibility is it safe hands.
    Aug 2, 2015. 07:53 AM | Likes Like |Link to Comment
  • Is Peabody Energy Finally Facing Oblivion? [View article]
    Relospecialist,
    Only ~15% of the world coal consumption is in USA. So the Nat Gas and "US Government regulation" really do not influence global coal price. To a large extent, Nat Gas and US politics do not influence BTU share price that much either. But I think you are correct, it would be a mistake for US administration to let Peabody go to the wall. Because it could well be Chinese money which picks up the pieces.
    Jul 31, 2015. 07:45 PM | Likes Like |Link to Comment
  • Is Peabody Energy Finally Facing Oblivion? [View article]
    Keith,
    We will need to agree to disagree I am afraid.
    There is only one reason the Asian coal prices are down, and it is all about the Chinese production crash. Nothing to do with Nat Gas, solar, wind or your articles.
    You have every right to play the opportunistic card if you choose. But you do pay the price of credibility.
    Jul 31, 2015. 09:05 AM | Likes Like |Link to Comment
  • New China Coal Data Has Serious Implications For Peabody Energy [View article]
    "reducing CO2 emissions, which is a major reason for coal's long term decline"... this is just not true. Small contributing factor maybe, but China manufacturing decline is far by far the biggest factor.
    Jul 31, 2015. 02:16 AM | Likes Like |Link to Comment
  • Is Peabody Energy Finally Facing Oblivion? [View article]
    Keith,
    So you concede there is no connection between coal price and current enthusiasm given to renewables.
    Given that BTU share price is almost 100% driven by the coal price, I think it misleading to bring up renewables and C02 all the time for investors in Peabody.
    Jul 30, 2015. 06:58 PM | 1 Like Like |Link to Comment
  • Is Peabody Energy Finally Facing Oblivion? [View article]
    Keith,
    There is absolutely no connection between commodity prices and renewables. I am not sure why you insist there is?
    Jul 30, 2015. 12:42 PM | 1 Like Like |Link to Comment
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