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Old 08-23-2015, 09:13 AM   #1
Ross
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Default Coal as an investment .

Quote:
Coal used to supply 50% of US electricity, now it’s 40%.
Peabody Energy Shares used to trade at $90, but now trade at $1.
Source ...

Wow !

When Obama goes I assume the EPA will also be forced to revise
its absurd war on coal . Even if not I see Peabody have globally
diverse operations .

The money quote ....

Quote:
Coal is the only fuel with the scale to meet the world’s growing energy needs.
Coal is the world's fastest-growing major fuel, and is set to surpass oil as the
world's largest energy source in coming years.
Quote source ...



Peabody Australia Company link here .

Ooops , I see they are running at a loss .


Chart source .

Detailed analysis of the financial situation of Peabody Energy found here .


I am not impressed .







FYI .... Please do not interpret this as a recommendation to buy Peabody or invest in Coal .
I have not done enough research yet to know one way or the other .
.
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Last edited by Ross; 08-23-2015 at 10:13 AM.
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Old 08-23-2015, 02:45 PM   #2
Brihard
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Why is the 'war on coal' absurd? It's a horrendous pollutant, and everything necessary exists for an aggressive weaning off of it. Modern nuclear technologies, cheap natural gas, and in the longer term more efficient generation and storage of electricity from solar power and other emerging means will have this covered.

Coal was excellent in its time. Its time is passing, and there's no reason its use should be incentivised in any way.
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Old 08-23-2015, 03:52 PM   #3
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Brihard said ...
Quote:
Why is the 'war on coal' absurd? It's a horrendous pollutant, and everything
necessary exists for an aggressive weaning off of it. Modern nuclear
technologies, cheap natural gas, and in the longer term more efficient
generation and storage of electricity from solar power and other emerging
means will have this covered.

Coal was excellent in its time. Its time is passing, and there's no reason
its use should be incentivised in any way.
The only worry I have about coal as a modern fuel is that
gas may be cheaper in parts of the world and that
some countries may not implement desirable measures to
curtail pollutants . If so that is their choice , as it should be .
I do not regard CO2 as a pollutant .

As for solar and wind , they are ridiculous without suitable storage
technology which may not exist for 20 years or more .
Long after the solar panels and wind farms have died from old age ,
taking with them vast amounts of your communities limited wealth .

To install wind and solar farms without low cost storage is
extremely damaging to society . They drive up energy prices ,
are unreliable , take vast areas of land , destroy jobs ,
and consume community resources ( subsidies ) that could be usefully
spent elsewhere .

Pure insanity on a large scale .

.
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‘you can judge a man’s spirit by the amount of truth he can tolerate.’ .... Nietzsche
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Old 08-23-2015, 05:45 PM   #4
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Apparently this is what Soros bought .

Quote:
The filing shows the purchases of 553,200 shares of Arch Coal for $188,000
and an investment of $2,254,000 into Peabody Energy for 1,029,400 shares,
which means he’s lost money on both so far.
Source

..
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All paper is a short position on gold . “Gold is money. Everything else is credit.”

“If we don’t believe in freedom of expression for people we despise, we don’t believe in it at all.” ( Noam Chomsky )

‘you can judge a man’s spirit by the amount of truth he can tolerate.’ .... Nietzsche
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Old 08-23-2015, 07:27 PM   #5
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Quote:
Originally Posted by Ross View Post
Brihard said ...


The only worry I have about coal as a modern fuel is that
gas may be cheaper in parts of the world and that
some countries may not implement desirable measures to
curtail pollutants . If so that is their choice , as it should be .
I do not regard CO2 as a pollutant .

As for solar and wind , they are ridiculous without suitable storage
technology which may not exist for 20 years or more .
Long after the solar panels and wind farms have died from old age ,
taking with them vast amounts of your communities limited wealth .

To install wind and solar farms without low cost storage is
extremely damaging to society . They drive up energy prices ,
are unreliable , take vast areas of land , destroy jobs ,
and consume community resources ( subsidies ) that could be usefully
spent elsewhere .

Pure insanity on a large scale .

.
You missed where I said 'in the longer term'. It's also apparent you've not been paying a great deal of attention to the significant advancements being made in batteries in the past five years.
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Old 08-23-2015, 07:49 PM   #6
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Quote:
You missed where I said 'in the longer term'.
No I did not ignore it , I mentally dismissed it as a
like saying , why not cut off or your penis now because soon
science will enable you to grow a bigger one .

Quote:
It's also apparent you've not been paying a great deal of attention to the significant advancements being made in batteries in the past five years.
There has been hype about new batteries all my life .

Even if new batteries become available that are economically viable
it will still do little to make wind or solar practical .

The main reasons being ....
- vast areas of land ( and I do mean vast ) would need to be devoted
to wind farms or solar because individual units produce so little power .
- Massive battery banks would be needed to cover peak daily and
peak seasonal loading ( an incredible cost )
- The energy needs to be converted between different forms for
transmission and use . DC to AC . Lower voltages to high voltage
for transmission and back again at the other end . Every time you
make such a conversion you lose a proportion of the energy , never
mind the infrastructure cost .
- Massive amounts of on/off wind and solar power destabilize power
distribution networks , posing massive problems and expense.
- All batteries have a limited life ( like perhaps 8 years ) , have you
ever considered the renewal cost ?

Why would you indulge in such madness now when coal and gas
are cheap , abundant and reliable ?

Finally to be spending so much of the communities resources for no
good reason and driving simultaneously driving up the cost of power
is just plain criminal . CRIMINAL .

.
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All paper is a short position on gold . “Gold is money. Everything else is credit.”

“If we don’t believe in freedom of expression for people we despise, we don’t believe in it at all.” ( Noam Chomsky )

‘you can judge a man’s spirit by the amount of truth he can tolerate.’ .... Nietzsche
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Old 08-24-2015, 07:02 AM   #7
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Collusion revealed between White House , EPA and advocacy groups
to shut down US coal mines .

Full article here .

..
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All paper is a short position on gold . “Gold is money. Everything else is credit.”

“If we don’t believe in freedom of expression for people we despise, we don’t believe in it at all.” ( Noam Chomsky )

‘you can judge a man’s spirit by the amount of truth he can tolerate.’ .... Nietzsche
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