% | $
Quotes you view appear here for quick access.

Natural Resource Partners LP Message Board

  • jrad52 jrad52 Jun 19, 2013 9:37 PM Flag

    Tonight's NY Times

    Probably in tomorrow's print edition - announces the administration's intent to regulate greenhouse emissions by existing power plants. "President Obama is preparing regulations limiting carbon dioxide emissions from existing power plants, senior officials said Wednesday." Pretty long article, saying that to date the Obama administration has focused on regulating new plants, not existing ones (I thought he was after both, but the Times' opinion about regulating plants is probably different from mine.) Anyway (1) a 2007 Supreme Court decision gave the executive branch the power to regulate greenhouse gases without input from Congress, (2) Obama doesn't need to worry about getting re-elected, so he's willing to go against midwest democrats that think new regulations of this type will hurt job growth, (3) the regulations take a long time to write , receive comments and reply to the comments, so the regulations need to be proposed by year-end.

    I'm not sure I see anything surprising in the article. But the focus will probably tank thermal coal stocks tomorrow, as though they needed any help in tanking.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
11.15+0.40(+3.72%)May 27 4:02 PMEDT