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The Patriot

The Patriot
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  • Approving the Keystone XL (TRP) pipeline could boost U.S. global warming emissions by as much as 0.3%/year, a CRS report says - not exactly "game over" for the climate but still like putting 4M extra passenger cars on the road. But it's not just Keystone XL; there are plans to send 3.1M bbl/day of oil sands from Alberta to export markets, ~5x as much as Keystone XL.  [View news story]
    If I were King, the first edict would be to label CO2 a non pollutant
    May 23 10:24 PM | 2 Likes Like |Link to Comment
  • Patriot Coal (PCX -28.6%) plunges and is pulling all coal stocks (KOL -1.8%) lower, due to a report the company has fielded informal pitches from bankruptcy advisors. Last week, PCX delayed a refinancing after disclosing a potential contract cancellation from a key customer. ACI -7%, JRCC -6.3%, ANR -5.1%, BTU -3.8%, WLT -3.5%, CNX -2.3%.  [View news story]
    Mismanaged company ?? Matter of opinion. Im neither for nor against. PCX has had to play the hand they were dealt with their coal production. It has fallen out of favor quickly. As the sector trades so do the individual stocks. CHK is in the same boat.
    May 22 01:24 PM | Likes Like |Link to Comment
  • Patriot Coal (PCX -28.6%) plunges and is pulling all coal stocks (KOL -1.8%) lower, due to a report the company has fielded informal pitches from bankruptcy advisors. Last week, PCX delayed a refinancing after disclosing a potential contract cancellation from a key customer. ACI -7%, JRCC -6.3%, ANR -5.1%, BTU -3.8%, WLT -3.5%, CNX -2.3%.  [View news story]
    Coal is cheap right now. Most producers have plenty of reserves to handle demand and projected demand. No need to add unless its a GREAT deal. Natural selection weeding out the weak. Producers that dont have access to export, or have higher costs to export will hurt the most. EPA is making it rough on the coal producers and users. My guess is if a buyer stepped in, they would shut down production to reduce supply.
    May 22 12:49 PM | 2 Likes Like |Link to Comment
  • Turns out "re-shoring" is real, according to a new Accenture survey. Two-thirds of senior execs say they have moved their manufacturing operations in the past 24 months, with two-fifths saying the facilities had been relocated to the U.S. China was the second destination for relocated factories, with 28%, followed by Mexico with 21%.  [View news story]
    Also if the manufacturing process can utilize nat gas, there are some
    attractive long term energy cost savings.
    May 21 12:57 PM | 2 Likes Like |Link to Comment
  • Turns out "re-shoring" is real, according to a new Accenture survey. Two-thirds of senior execs say they have moved their manufacturing operations in the past 24 months, with two-fifths saying the facilities had been relocated to the U.S. China was the second destination for relocated factories, with 28%, followed by Mexico with 21%.  [View news story]
    Transportation costs have alot to do with it, especially firms that were sending parts overseas to be assembled and then back to US.
    May 21 12:55 PM | 2 Likes Like |Link to Comment
  • The European Central Bank will have to devalue the euro at some point, says Wharton's Jeremy Siegel. Faced with a sovereign debt crisis that just won't go away despite aggressive efforts to shore up the problem, the ECB has been unable to find the right formula to assuage fears of further contagion. The one obvious solution to helping the troubled nations, Siegel says - a devaluation of the euro.  [View news story]
    Doesnt count unless its official : )
    May 10 08:19 PM | 1 Like Like |Link to Comment
  • The next economic boom, writes Daniel Gross, will be created by the efficiencies unleashed by America's transition from an Ownership Society to a Rentership Society. It's not just housing - citizens are getting used to the flexibility of renting across a whole range of goods. "The U.S. economy needs the dynamism that renting enables as much as - if not more than - it needs the stability that ownership engenders."  [View news story]
    Well said, you beat me to the "Defend ones Castle" : )
    May 5 06:00 PM | 2 Likes Like |Link to Comment
  • The next economic boom, writes Daniel Gross, will be created by the efficiencies unleashed by America's transition from an Ownership Society to a Rentership Society. It's not just housing - citizens are getting used to the flexibility of renting across a whole range of goods. "The U.S. economy needs the dynamism that renting enables as much as - if not more than - it needs the stability that ownership engenders."  [View news story]
    FairTax.org

    http://bit.ly/JU6nuV
    May 5 05:48 PM | 2 Likes Like |Link to Comment
  • The next economic boom, writes Daniel Gross, will be created by the efficiencies unleashed by America's transition from an Ownership Society to a Rentership Society. It's not just housing - citizens are getting used to the flexibility of renting across a whole range of goods. "The U.S. economy needs the dynamism that renting enables as much as - if not more than - it needs the stability that ownership engenders."  [View news story]
    Doesnt all this never ending bickering over who pays how much, and who gets what deduction make you want to look at the the "Fair Tax" ?? It would really be a great step in the right direction.
    May 5 03:56 PM | 3 Likes Like |Link to Comment
  • Pimco's Mark Kiesel has been a housing bear, until now. “For those of you renting or on the sidelines, I recommend you at least consider getting ‘back in’ and buying a house," Kiesel writes. "The future is hard to predict, but U.S. housing is healing and is probably close to a bottom." He's putting his money where is mouth is, buying a new home in California.  [View news story]
    Amen, I will stand with yall !!
    May 4 09:05 PM | Likes Like |Link to Comment
  • A recession is coming, says Street Advisors Lance Roberts, but it's not necessarily a bad thing. Whether it be from falling off the impending "fiscal cliff," or getting caught up in the debt trap where budget reductions, taxes increases or interest rate hikes can't be accomplished because the economy is simply too weak to offset the negative impacts, the downturn is coming. It's part of the overall economic cycle, Roberts says, and despite wishes, hopes and prayers, recessions occur with a surprising level of regularity.  [View news story]
    In my own little biased view of the world all I have is my own eyes and ears to judge and decipher the info. For every positive there is a negative, and many of the arguments are equally compelling in their validity. Who to believe ?? In reality, I dont think anybodys opinion is much better than mine. I dont need meat and numbers to see whats going around me everyday. I am middle America - hard working, family loving,law abiding, tax payer. The world has changed and not for the better. You can feel it in the air : (
    May 3 05:56 PM | 1 Like Like |Link to Comment
  • Natural gas futures surge after the latest inventory data shows U.S. supplies are less glut-stricken than expected. Yet despite recent gains, there’s doubt the price can keep rising: “This market will require an early start to a hot summer in order to push nearby values much above the $2.50 level,” trader Jim Ritterbusch says. ETFs: UNG +3.7% but GAZ -1.7%.  [View news story]
    The Southern Company has added several gas fired turbines over the last several years to handle peak demand in the central Ga area.
    They are running full bore. Combination of low price and the need to reduce emmissions from coal.
    May 3 03:24 PM | Likes Like |Link to Comment
  • The disastrous coal-driven electricity system in India may give a reprieve to the battered solar industry in the near future. The power sector problems there have become so acute due to mismanagement that it's starting to impede growth. As fossil-fuel grid power reaches near-parity with solar in the region, solar manufacturers see an opportunity - a country with plenty of sun and flat idle land that is starved for energy.  [View news story]
    If I remember right, havent there been riots and protest of several
    companies that were trying to clear land for new plants ?? Solar fields to replace coal plants would take 10's of thousands of cleared acres. Monsoon season would be a killer on solar. I have been using this drop in coal to add shares.
    Apr 30 08:45 PM | 2 Likes Like |Link to Comment
  • Is this week's big spike in natural gas a sign of a price floor? Is it time to buy? Fund manager Dan Rice likes Range Resources (RRC), whose exposure to rich Appalachian fields that produce gas at low cost should help it survive any further period of depressed prices. Weeden's 45-year vet Charles Maxwell favors Encana (ECA). Morgan Stanley likes: OKE, SUN, TRGP, WMB, SE, XTXI.  [View news story]
    I would add CNX to the list
    Apr 27 07:05 PM | Likes Like |Link to Comment
  • If you're not bribing, you're not trying. A misquote of retired baseball player Mark Grace suddenly seems appropriate with a bevy of U.S. companies now under suspicion of engaging in systemic bribing in order to land new business. A whopping 81 public companies are reportedly under investigation for violating the Foreign Corrupt Practices Act. Headliners: WMT, AVP, QCOM, DE, LVS.  [View news story]
    How is this any different than US foreign policy. Do as we say and you will receive $$.
    Apr 26 03:07 PM | 3 Likes Like |Link to Comment
COMMENTS STATS
316 Comments
499 Likes