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Peabody Energy Corp. Message Board

  • telaviv767 telaviv767 Apr 25, 2014 11:20 AM Flag

    Alert! Coal miners are getting hit on both sides of the energy equation! Renewables like solar is exploding and energy efficiency innovation

    First, innovations in energy efficiency from appliances, windows, led lighting, building construction and heating and cooling systems have cut power demand by 2% since 2008. This energy reduction will occur at a faster rate now that consumers are aware of the cost savings and are demanding energy efficient new homes.
    Second you have an explosion in solar residential installations where home owners see a immediate reduction in their electric bills due to creative ways financing is now available making it easy for any homeowner in America to go solar. Solar energy has exploded higher by 400% and has doubled consistently every two years for the past 12 years. Solar power for the first time in 2013 accounted for 1% of the countries overall energy supply and with every bank and now Google rushing into to provide financing for this very profitable business of installing residential solar this 1% will soon become 2% then 4% then 8% then 16% then 32% over the coming decade. The over the coming years these explosions in efficiency and solar energy will eat away at coal and other conventional power bases leaving the companies that supply them all facing bankruptcy. We can see this already happening to coal suppliers in the U.S. as the supply of energy that coal supplies has plummeted from 50% to under 40% today and this decline will accelerate over time as strict regulations for coal fired plants come into effect. Once again, many thanks to President Obama

    One last word, go invest in solar!:)

 
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