so why coal stocks are all down...BTU, ANR, ACI, CLD? WLT is a reason for more sell off!!!
Natural Gas, weak steel market, and fracking, I think are the enemies. I am conservative and contribute to the GOP candidates in my district.
I guess you know Demark has used windmills since the dark ages to pump water out of the land. There are windmills all over that country. It would make sense to use windmills there since they get wind coming down from the polar region. What works there will not work all over America and when you need a big load for industry coal is it.
jim - since you are so entrenched in your thoughts I don't desire to respond further. Anyone that has honestly researched this issue knows alternative energy would not survive nor compete without the substantial tax subsidies. I'm for a cleaner climate as landowner of 1000's of acres, I practice what I preach. All the solar and wind require sounds great but it requires using the fossil fuel to build in addition to the side affects they cause. Net result we're not better off IMO. All the Best. SM
We can thank the sierra gay club for that....
money came from taxpayers, grants, and tax credits. Those facts are never mentioned in the articles.
The public "old" bonds continue to plunge to new lows, meaning that the institutions qualified to participate in the bond swap, think that there is very little juice left in ACI. They may end up trading a lot for the new stuff, which "will" cut total debt and interest out the door--but the bondholders are expressing doubts about how long ACI can survive, with the very low prices they are assigning to the bonds. Sorry to be the bearer of bad tidings, equally bad for me, as well as you common folks :-(
and make reliable coal power plants less efficient. Yes! 100% true. When you feed power into the grid it must be steady and constant. Power generation input must be pre-planned to account for EXPECTED POTENTIAL surges and drops in demand. The constantly fluctuating renewable input disrupts an efficient grid and causes much wasted power. All the wind turbines and solar panels must be shut down to save the planet and reduce the consumption of fossil fuels. Corrupt politicians, bansksters and organized crime are behind the renewable scam.
They have been saying that for decades and pouring trillions into renewables solar and wind with no real benefit. Biggest scam in history. Crash is coming.
Renewables are a scam. Coal industry is being forced to subsidize the scam for now as utilities must pay for useless wind and solar power by law or face massive penalties. Private companies run by corrupt officials have cashed in and used Banksters to unload worthless wind farms onto public traded renewable energy companies. Banksters make huge fee profits on bonds sold by renewable energy companies to buy worthless wind and solar farms. Public traded wind and solar energy stocks will soon crash along with the bonds. Expect it to happen in a few years from now, maybe sooner.
By MATT JARZEMSKY
July 15, 2015 5:18 p.m. ET
Alpha Natural Resources Inc. is in talks to obtain financing for a potential bankruptcy filing early next month as it grapples with a severe downturn in coal prices, according to people familiar with the matter.
The Bristol, Va., coal miner is negotiating the terms of a “debtor in possession” loan with its loan holders and senior bondholders, the people said. The new financing would help see Alpha through bankruptcy should it file for chapter 11 protection in early August, around the time some of its convertible bonds come due, the people said.
The loan could total around $300 million to $400 million, one of the people said. Jointly providing the loan could align the interests of the two creditor classes, potentially smoothing Alpha Natural’s efforts to restructure its debt.
The loan could total around $300 million to $400 million, one of the people said. Jointly providing the loan could align the interests of the two creditor classes, potentially smoothing Alpha Natural’s efforts to restructure its debt. Alpha is still exploring options to improve its capital structure and a bankruptcy filing isn’t inevitable, some of the people said. The company had about $3.1 billion in long-term debt as of March 31.
Dead like a dinosaur or dead like Michael Jackson, who makes millions even after his death? I have my doubt about you, some cheerleader with pom poms for some interest group.
BK is only a way for company to wipe out shareholders and some debts. Nothing change to its business. They still operate and still selling coal. BK law needs to change to protect common share investors, right now it is not.
again, what does that have to do with these coal company executives making the worst business decisions that would end up bankrupting their companies?
dems favor natural gas over coal. but if repubs were in power, do you think they would say no to natural gas and fracking? these coal companies would be back to where they are now, getting killed by low natural gas price and their own bad decisions.
Main IGCC Power Plant Subsystems
Gasification plant including preparation of the feedstock
Raw-gas cooling via water quench or heat recovery systems
Optional water-gas shift reactor
Gas purification system with sulfur removal/recovery and optional CO2 removal
Air separation unit
Combined cycle unit with gas turboset, heat recovery steam generator and steam turboset
The gasifier feedstock is converted to synthesis gas (syngas) with the addition of steam and oxygen. Entrained-flow gasifiers for coal are fundamentally well suited to integration in the combined cycle, as are entrained-flow systems for refinery residues. The selection of a specific gasifier type to achieve the best cost, efficiency and emissions levels depends on the type of fuel and the particular application, and must be investigated on a case–by-case basis.
The present Siemens Fuel Gasification (SFG) technology applies the entrained-flow principle, followed by a direct water quench to cool the produced hot raw gas. This technique often used in residue gasification is also suitable for a variety of fuels, in particular coal and petroleum coke. In a further development step, it is possible to capture the sensible heat of the hot raw gas in a syngas cooler to generate high-pressure steam for the steam turbine. Both processes cool the gas sufficiently so that it can be sent directly to the gas treatment system.
Syngas coolers are advantageous when targeting high efficiencies with IGCC plants without CO2 capture (e.g. Buggenum and Puertollano IGCC plants) For IGCC applications with CCS the direct water quench has advantages as the water/steam needed for the shift reaction is already in the raw syngas.
First the particulates, soot and heavy metals are eliminated from the initial raw gas purification downstream of the quench system or syngas cooler. Subsequently chemical pollutants such as H2S, COS, HCl, HF, NH3 and HCN are separated and removed. The separated H2S-rich gas stream is processed to recover sale