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  • gray1808 gray1808 Mar 16, 2013 6:55 PM Flag

    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.

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