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Peabody Energy Corp. Message Board

  • littlecity04 littlecity04 Sep 6, 2013 9:48 AM Flag

    We are up - here is why???

    ASEANS and China trade will double+++ from 400 billion to 1 trillion - google it!

    Sentiment: Strong Buy

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    • Here's an interesting "Letter to the Editor" which appeared in a Canadian magazine, The Coast Reporter:

      September 6, 2013

      Editor:

      I am writing with concern about the massive increase of coal exports proposed for Fraser Surrey docks and Neptune Terminals at Port of Vancouver.

      Much of that coal is thermal coal from Wyoming and other U.S. sources.

      Apparently a coal storage facility on Texada Island will handle an 18 times increase of the current volume, and this coal will be barged up the Georgia Strait past our homes on the Sunshine Coast.

      I am opposed to this proposed expansion for a number of reasons.

      1) Much of the coal is from American producers who are not allowed to ship their product from ports in Oregon and Washington. Also the demand for metallurgical coal, used in steel making (which B.C. has in abundance), will be increasing dramatically, as China and India expand their economies.

      ==============

      My Comment: The rest of the letter is a typical jihad against coal. American coal producers will find ways to get coal out of this country and into Asia.

      • 1 Reply to t_e_n_k_a_y
      • t_e_n - It's economic nationalism. We have the same forces in our country. There are those that fear that everything we use may someday be made by someone wearing a loin cloth .... and they may be right ... Canadians have a right for coal being shipped out of their country to be their coal first, to be monetized before ours, though I don't think they'll win that battle..

        Cheers and lhanks for the literate discourse,
        Joe

        Sentiment: Strong Buy

    • u looking stupid. its up due to better guidance being issues today.

 
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