Administration Weighs Delay of Power Plan Environmental Rules - Washington Post
Take a look at this Washington Post article.
It appears that the Obama Administration is going to postpone coal fired plant regulations for many years possibly until Obama leaves office in 2017.
Why would Obama reverse direction on the green movement after pledging heavy regulation during the 2012 campaign?
It is simple - trying to shut down coal is risky since natural gas prices will spike and there could be insufficient natural gas generation capacity to meet US electrical needs causing shortages. The Obama Administration does not want to take crazy risks with the US economy so will give public support to environmental rules and then delay regulations until Obama leaves offices in 2017.
This is the smart political way to handle the coal issue.
From a coal investor viewpoint, the course reversal on coal regulations and the increase prices of natural gas will have a big impact on coal stocks in 2013.
Maybe the Obama Administration is finally seeing the light. The mantra of 'cheap and abundant' natural gas is wearing a little thin.
15 years ago it was thought we were running out of natural gas. Then came fracking. NG from fracking is an immense resourse. However, it is neither cheap nor abundant. You cannot open a grocery store and sell milk for $1 a gallon. Sooner or later you will need to sell the milk at market prices.
NG from fracking is viable and has immense advantages over importing naturat gas, However, it cannot be sold at $4.
Coal has a long record of being a reliable, dependable and economical power source. Maybe Obama is figuring out that coal as well as natural gas are keystones to our economy.