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.
ayscuew...every year or two NRP reverts back to $17 - $17.50. Thats your entry point, be patient. This is actually a positive event for new investors and an opportunity to add for existing unit holders.
What's kind of impressive here is that KMP announced this week that it is forming a group to do exactly what NRP does: own mineral resources including a LOT of coal lands and collect royalties...And then there are India,China,and Pakistan ramping up in coal fired generating plants like crazy. USA exports of coal should continue soaring as a result...So, you going to continue investing in NRP with its' massive dividend or you going to bail out???