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Peabody Energy Corporation Message Board

  • buybackerer buybackerer Dec 12, 2012 10:38 AM Flag

    BTU is best of the rest

    No doubt BTU is the winner in a suffering industry.As electric utilities move to NG, coal has suffered big time. And the over production of NG , which has led to the lowest prices ever , has been the culprit in coals demise . But BTU has moved in response , with a move away from coal used in electricity generation and toward metallurgic (in the US). And BTU has purchased mines that have exposure to Asia. I would like to see some tax relief for coal ,since clean coal electric generation is such and expensive startup. Maybe some tax relief for producers , perhaps giving the industry tax free revenue on all exports (except to Mexico. Have you ever seen that smog in Los Angeles ). BTU is not for the faint of heart . It could be years before the coal industry comes back .And in the US,a comeback will most likely look alot different than the old coal fired electic generators of the past century. Gasification has been successful in a number of places and will likely be one of the solutions for coal.

    Sentiment: Buy

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