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  • Peabody Energy Champions Transition To Low Carbon Economy [View article]
    Eugenics was considered scientific, Keith, in past times. And where did that go?

    Science changes everyday; science is moved forward by skeptics, not by UN diktat. AGW hypothesis is just that..., an hypothesis.
    May 3, 2015. 09:53 AM | 2 Likes Like |Link to Comment
  • Peabody Energy Champions Transition To Low Carbon Economy [View article]
    900 million souls, not 900,000. Apologies.
    May 3, 2015. 09:41 AM | Likes Like |Link to Comment
  • Peabody Energy Champions Transition To Low Carbon Economy [View article]
    Keith - you say: "Plan seeks to equate coal use as "good for humanity" ignoring CO2 emissions."

    BTU is right to ignore CO2 emissions because there is neither a CO2 crisis nor is there much convincing evidence of AGW. There are many doubts, in fact, about AGW.

    But, let's listen to someone's (rather radical) solution to the CO2 "crisis" that you advocate just so we know where we may be headed. It is an interesting approach and probably rather effective.

    Bill Gates (TED talk) seems to be advocating a 10-15% world de-population solution (that is 900,00 souls, folks!):

    http://bit.ly/1bpXvk2

    Go to minute 4.30. I paraphrase: "If we do a really great job with new vaccines, health care, reproductive health services, [...] we can reduce population maybe by 10-15%..." (folks, that is 900,000 souls!)

    Any such solution would reduce energy and other inputs as there would be nearly one billion less people. That would indeed hurt coal; after hurting, of course, many people (born and unborn).

    But why vaccines? That is odd, no?

    If you google vaccines and sterilization you get this (I had no idea this was going on):

    http://bit.ly/1OQVMXr

    You all know what reproductive health means. Warren Buffet, separately and unrelated to Bill Gates at all, has contributed US$1.2 billion to "abortion organizations":

    http://fxn.ws/1qXPVDz

    Some things never change: Obama's science czar is, of course, the one and only John Holdren, of Ecoscience infamy who advocated, and advocates, similar solutions:

    http://bit.ly/1OQVNKU

    If anyone is interested in eugenics, this is a good source ("War on the Weak"):

    http://bit.ly/1OQVO1m

    For a primary source, go direct to "The Pivot of Civilization" (1921) by Margaret Sanger, founder of what became Planned Parenthood.

    http://amzn.to/1bpXwnU

    I thought it important to raise the matter so long as we are discussing the CO2 "crisis".
    May 3, 2015. 09:19 AM | 5 Likes Like |Link to Comment
  • Peabody Energy Q1 Earnings Call: Business As Usual, But What Sort Of Business? [View article]
    Keith, I think you missed, or perhaps ignored, my point.

    That was a quote from Time Magazine, 1974. It was "science", then. Point being that, if you believed science then, as you do now, we would have taken drastic actions then to warm the planet.

    The world is actually cooling, for the last 17 years so so. The ideological models on which you put your faith have failed. That is a fact.
    May 1, 2015. 09:20 PM | Likes Like |Link to Comment
  • Peabody Energy Q1 Earnings Call: Business As Usual, But What Sort Of Business? [View article]
    Keith, c'mon, man!

    Everybody knows that CA is an absolute nightmare -- its like Germany, only much worse! Everybody there who can is "escaping" to Texas!

    You mention all the wealthy corporates who will do whatever it takes to keep gullible customers shopping at their stores. They are making money on your goodwill. Customers are, for the most part, totally ignorant. They know so little. History is forgotten, and so is common sense. America is a waste-land of idiocy, unfortunately. Look at the hordes who elected our organizer! Twice!

    The corporates you mention are wealthy, very wealthy, huge corporations. Give me a break - you, a liberal, is advocating for corporate America? You have lost your marbles? They are sucking you dry while they build their products in non-union factories in Phnom Penh! These are YOUR heroes?

    What about the Cambodians and Africans, or South Asians? They deserve cheap energy; not Cape Cod liberal non-sense.

    That is why coal will be there, whether environmentalistas want it or not, for many decades to come.
    May 1, 2015. 09:02 AM | 1 Like Like |Link to Comment
  • Peabody Energy Q1 Earnings Call: Business As Usual, But What Sort Of Business? [View article]
    Should BTU have burned more coal, or gone full hog into coal, based on "scientific consensus" prevalent in 1974?

    "As they review the bizarre and unpredictable weather pattern of the past several years, a growing number of scientists are beginning to suspect that many seemingly contradictory meteorological fluctuations are actually part of a global climatic upheaval. However widely the weather varies from place to place and time to time, when meteorologists take an average of temperatures around the globe they find that the atmosphere has been growing gradually cooler for the past three decades. The trend shows no indication of reversing. Climatological Cassandras are becoming increasingly apprehensive, for the weather aberrations they are studying may be the harbinger of another ice age." Time, 6/24/1974 (WSJ today)
    Apr 30, 2015. 10:07 AM | 1 Like Like |Link to Comment
  • Peabody Energy Q1 Earnings Call: Business As Usual, But What Sort Of Business? [View article]
    Folks, "stranded assets" is financial alarm-ism....the only stranded assets I see is the Google solar cauldron project in CA where they spent US$3 billion to have a solar cauldron project that does not work and, in fact, is running as a gas plant (120MW). Keith - is that a stranded asset, or Solyndra?
    Apr 30, 2015. 08:57 AM | 1 Like Like |Link to Comment
  • Peabody Energy Q1 Earnings Call: Business As Usual, But What Sort Of Business? [View article]
    Keith, c'mon, man. Surely even you acknowledge that these companies HAVE to do something, any PR will do (however vacuous), precisely BECAUSE they are so power, (and thus), coal reliant. That is the point. And will be the point for many decades.

    The point is this: you CAN NOT turn off fossils now or in the next 50 years. Period. That is a fact environmentalistas have to accept. And you know what? In 50 years, we will surely discover carbon capture, or fission (my bet), that will render fossils and "renewables" as useless. That is where the future is. Not renewables.

    Plant trees until then. And shut the UN down.
    Apr 30, 2015. 08:51 AM | Likes Like |Link to Comment
  • Peabody Energy Q1 Earnings Call: Business As Usual, But What Sort Of Business? [View article]
    As a final point, who - anywhere - looks at the price of carbon credits on a daily basis rather than oil, electricity, etc.? For better or for worse (I think for better), we live in a carbon/fossil fueled economy where much of anything is carbon-driven; anything that is manufactured, any plastics or its derivatives, all metals (require energy), and even services (Google consumes googles of energy to feed its power-hungry servers). BTU is just doing its part, thankfully; selling fuel to power producers (and steel companies) that, in turn, feed the world with electricity, heat and metals required for many, many things, including autos (yes, Teslas, included unless they are made of plastic ---ooops, plastics are made from hydro-carbons at petrochemical facilities fulled by gigantic power plants). Yet, the thesis of this article is that BTU should....whatever; you have read - no need to regurgitate. Sure, people in Paris will say this or that but will they work within the necessity of fossil fuels? Of course. Life, as we know it, can not exist without fossil fuels and the last thing global warming grandees, like Gore et. al., wont do is inconvenience themselves. Just look at their jets!
    Apr 29, 2015. 11:01 PM | Likes Like |Link to Comment
  • Natural Resources Is Worth A Look With A De-Risked Portfolio [View article]
    I respectfully suggest ETY and ETW, two CEFs that pay close to 10% (note that their ROC is due to accounting) with a better mix of stocks underlying portfolio. Their NAV is steady.

    These two are worth a look: GRX and GGZ.

    BCX is declining due, of course, to its basket of stocks.

    NRP seems a reasonable bet at <5.25 (6.86% yield).
    Apr 29, 2015. 06:05 PM | Likes Like |Link to Comment
  • Peabody Energy Q1 Earnings Call: Business As Usual, But What Sort Of Business? [View article]
    There is not a lot of joy in holding BTU, that's for sure (whether you think long term weather forecasts, decades into the future, can be accurate or not [I mean, it is hard enough to know the weather for a June wedding in Philly, right? But author seems dogmatically contented, with utmost precision, that his 12,000 consensus scientists forecasting 0.2 increase in temp will be right]). The dividend has gone to practical nothing, the upside seems limited and some courageous souls have ventured into senior debt (where you can get 15% yield on bonds due 2021).

    I found a way to get about 7% super-senior div yield (based on royalties) with NRP. It seems that royalties received from coal companies are senior to those coal companies debts. So, NRP seems to enjoy a super senior position in relation to the creditors of coal companies. This is good. Regardless of who owns coal companies (shareholders, Chapter 11 creditors, etc.), they will always pay royalties. And there are no tiresome discussions on global warming on that name - reason enough to buy, I suppose.
    Apr 29, 2015. 09:48 AM | Likes Like |Link to Comment
  • Draghi: Euro is irrevocable despite Greek problems [View news story]
    NonSurf, they may have clipped his wings, but "Yanis Varoufakis said he and his wife, Danae, were attacked by a group of hooded anarchists while they dined in central Athens Tuesday night." (http://bloom.bg/1GF86mo). I am not saying no nothin' but, recalling history, it was anarchists that essentially started WWI. But I agree; it does sound as if Greece is going plan A. (see above).
    Apr 29, 2015. 09:21 AM | Likes Like |Link to Comment
  • National Resource Partners to cut distribution by 75% [View news story]
    I would agree; also, it seems that royalties received from coal companies are senior to those coal companies debts. So, NRP seems to enjoy a super senior position in relation to the creditors of coal companies. This is good. Regardless of who owns coal companies (shareholders, Chapter 11 creditors, etc.), they will always pay royalties. So it seems.
    Apr 29, 2015. 09:13 AM | Likes Like |Link to Comment
  • Peabody Energy Q1 Earnings Call: Business As Usual, But What Sort Of Business? [View article]
    hindmost, your comment is valid and appreciated. It very much adds to the discussion; and thanks for taking the time.
    Apr 28, 2015. 09:47 AM | Likes Like |Link to Comment
  • Peabody Energy Q1 Earnings Call: Business As Usual, But What Sort Of Business? [View article]
    Interesting that no one asked anything about "Carbon Tracker" (on which the author's article is largely based). Take a look:

    http://bit.ly/1DCCyu6
    Apr 27, 2015. 09:21 AM | Likes Like |Link to Comment
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