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Peabody Energy Corp. Message Board

  • ford30cabriolet ford30cabriolet Sep 29, 2013 12:26 PM Flag

    Peabody may sue EPA?

    Peabody believes the EPA's plan is outside the realm of the law.
    (in accordance with the Proposed EPA's Greenhouse Gas Rule).

    Sentiment: Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Ford, I bought some more today. Coal is priced as if it's all going to go bankrupt. Yet, ALL of the info says that BTU is going to be extremely profitable over the next five years. The coal industry as a whole also looks to DOUBLE over the next 15. So, it's a no-brainer to me. BUY BUY BUY Have fun!

      Sentiment: Strong Buy

    • Good news.

      "President Barack Obama’s nominee to lead FERC announced Tuesday that he had pulled his name from consideration in the face of mounting opposition from coal supporters and a stalemate in a crucial Senate committee.

      "The fall of the former Colorado utility regulator Ron Binz is a stunning setback for the president, who has succeeded in winning Senate confirmations for far more controversial nominees at EPA, the Pentagon and the Labor Department."

      My Comment: Binz is the guy who said Natural Gas is a deadend, meaning that it is a bridge fuel which should be used to kill coal, then you kill NG with solar/wind.

      Over in Australia, Lord Christopher Monckton had this to say:

      "In 2001 the IPCC’s “hockey stick” graph duly “abolished” medieval warming. The shank showed little temperature change for 1000 years; the blade showed a sudden spurt in the 20th century, which the IPCC six times blamed on us. In 2005 two Canadian scientists proved the graph bogus.

      In 2007 the IPCC doctored another graph to pretend manmade warming is accelerating. The Obama administration is using this faked diagram to justify introducing a carbon tax just as the EU/Oz tax collapses.

      This year will bring a fifth “Assessment Report.” As an expert reviewer I shall try to halt further fraud. It will not be easy. The weevils are at it again. This year’s new predictions, backcast eight years to 2005, bizarrely overstate already measured warming and project the exaggerations to 2050, forecasting unrealistically rapid warming.

      A senior Australian police officer specializing in organized-crime frauds tells me the pattern of fraud on the part of a handful of climate scientists may yet lead to prosecutions. When the cell door slams on the first bad scientist, the rest will scuttle for cover. Only then will the climate scare mankind’s strangest and costliest intellectual aberration be truly over."

      My Comment: Last paragraph is a doozy. Anger levels still rising.

    • i hope peabody does challenge the ruling.... none of these regulations from this administration should get a free pass... the question should be where is congress when there should be oversight on these regulations coming from this administration...

      • 2 Replies to rnsawaya
      • shut the government down an lay off the environmental lunatics at the EPA....oops thats already happening.

        maybe we don't need to fight them in court at all, just lay many of them off.... as they have too much time on their hands.

      • I agree BTU and the entire coal industry should challenge the proposed EPA regualations. They are totally beyond the realm of practicality given the technology available. I think they will win in court. My only caveat is that I do not feel it is accurate to attribute this to "this administration". I believe numerous administrative rules were issued during tenure of our beloved former President George Bush and were overturned by the courts after being challenged by the affected industries. This is just Washington doing what it always does, regardless of who happens to be sitting in the White House, and not some venomous attack by "this administration". GLTA

 
BTU
8.55+0.46(+5.69%)Dec 19 4:00 PMEST

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