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Peabody Energy Corporation Message Board

bmw_9312 3 posts  |  Last Activity: May 26, 2015 4:09 PM Member since: Mar 10, 2000
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  • Today coal is 39% and they are projecting by 2040 it will be 34%. Still think Coal is going away??!!

  • Reply to

    Think coal is dead??!! Read this!.

    by bmw_9312 May 26, 2015 2:28 PM
    bmw_9312 bmw_9312 May 26, 2015 4:06 PM Flag

    As upset as I am about the current share price of BTU, I think you will be more upset to learn that last month the U.S. Energy Information Association (EIA) projected that by 2040, Coal will still make up 34% of U.S. electricity. Do you consider a 5% drop over 25 years to be significant?

  • "Global demand for coal over the next five years will continue marching higher, breaking the 9-billion-tonne level by 2019, the International Energy Agency (IEA) said in its annual Medium-Term Coal Market Report released today. The report notes that despite China's efforts to moderate its coal consumption, it will still account for three-fifths of demand growth during the outlook period. Moreover, China will be joined by India, ASEAN countries and other countries in Asia as the main engines of growth in coal consumption, offsetting declines in Europe and the United States."

    “We have heard many pledges and policies aimed at mitigating climate change, but over the next five years they will mostly fail to arrest the growth in coal demand,” IEA Executive Director Maria van der Hoeven said at the launch of the book. “Although the contribution that coal makes to energy security and access to energy is undeniable, I must emphasise once again that coal use in its current form is simply unsustainable. For this to change, we need to radically accelerate deployment of carbon capture and sequestration.”

BTU
1.26+0.04(+3.28%)Jul 30 4:00 PMEDT