Realtytrac. Today the market will be up but eventually go into hangover mode
Foreclosuress, limited job growth, huge auto inventory will all be overlooked today. Party like there is no yesterday
When te natural gas prices started falling from averegs power generators started switching to the cheaper fuel from coal.
I follow the natural gas markets closely, but I’m not an engineer. So I wanted to know—logistically, how easy is it for these big electricity companies to switch back from natural gas to coal?
Well, it’s as easy as changing a nozzle.
In most power plants, fuel is pushed to boilers via nozzles. The nozzles either spray powdered coal or natural gas to ignite and heat up tubes with water circulating in them. The steam generated by the hot water drives the turbines, which in turn generate electricity.
It’s quite simple to change nozzles to accommodate different diameters and pressures. Many plants can handle both gas and coal and can move from one to another in a matter of hours—as in one, eight-hour shift. Older plants can take days, however.
So, as natural gas prices are now rising-up to $4.50/mmBtu (1 mmBtu ~ 1.1 mcf), coal prices have dropped to around US$52 per ton from US$78 per ton, the equivalent of US$2.03 per mmBtu.
What will power plants use down the line natural gas at 4.50 btu or coal at as low as 2.03 btu
Careful with this trade as utilities have found coal much cheaper the demand for natural gas will lessen. pay attention to the stock prices of ANR BTU Arch Coal, to keep clues on reversal.
Fed Bubbling up the stock market some more here will be interesting to see how much more
National statistics showed almost 12 million people are on disability now, a number that has jumped 20 percent during the last six years.WASHINGTON, D.C. — A U.S. Senate investigation into the Federal Disability Insurance Program, with its annual budget of $135 billion, focuses on the border area between West Virginia and Kentucky
Records show about 250,000 people there, more than ten percent of the population, receive disability payments each month.
Sen. Tom Coburn (R-Okla.) sits on the U.S. Senate Subcommittee on Investigations. He said the program that was created in the 1950s to help people who cannot work because of illness or injury is now propping up the economy in some of the poorest regions of the United States.
“You take a good concept that’s well meaning and then you don’t manage it, you don’t monitor it,” Coburn told CBS’ “60 Minutes” in a story that aired on Sunday night. “Pretty soon, you end up in places like in West Virginia, certain counties, where, you know, you’re born to be on disability.”
“Wall Street Journal” Reporter Damian Paletta first raised questions about possible fraud with disability awards from David “D.B.” Daugherty, a former Social Security appeals judge in Huntington, back in 2011.
Records showed Daugherty, who has since retired, approved almost 100 percent of the disability cases he considered. The national average approval rate is 62 percent.
Both Daugherty and Eric Conn, a disability lawyer based in eastern Kentucky, have been named in a federal civil suit that claims the two schemed to defraud the federal government of millions of dollars through awards for bogus disability claims.
This why the rotation into financial stocks is painful now. The market doesn't see future growth in banks and that is a huge problem for the economy
So many vacant and foreclosed houses means less tax revenue for local governments and school districts and less money for banks as loan defaults skyrocket
Mini recession could hit economy as no real need for new housing will create slump in new construction needs worsening job growth for next few years
When the world’s largest solar thermal power plant—in Ivanpah, California—opened earlier this year, it was greeted with skepticism. The power plant is undeniably impressive. A collection of 300,000 mirrors, each the size of a garage door, focus sunlight on three 140-meter towers, generating high temperatures. That heat produces steam that drives the same kind of turbines used in fossil-fuel power plants. That heat can be stored (such as by heating up molten salts) and used when the sun goes down far more cheaply than it costs to store electricity in batteries
This is the wave of the future solar powered homes much cheaper then natural gas
. Germany, which has far more solar power than any other country, sometimes has to pay its neighbors to take excess solar power generated on some sunny days. “This program is looking out to a future that might be tomorrow in Germany, three years away in California, five years away in Arizona,” Branz says. “But eventually this future will come to everywhere that people want to generate a lot of electricity with solar energy.
in 22 states! And California with its 57% jump in foreclosure starts now suddenly seems tame: In New Jersey, they soared 79%, in Connecticut 82%, and in Maryland 126%
So wither this “recovery?”
Foreclosure filings – default notices, scheduled auctions, and bank repossessions – suddenly jumped across the nation, according to RealtyTrac.
Gauge of a true strong rebounding economy would be a strong housing market. With foreclosures at record highs in 22 states, more downturn in US economy to come as middle class and lower class cannot afford to pay their mortgages anymore
Coal Burns Brighter as UtilitiYs Switch From Natural Gas
Predictions of coal's demise in the U.S. may be greatly exaggerated.
Natural gas prices at a four-year high have utilities shifting to coal to generate 4.519 million megawatt-hours a day, the most since 2011, government data show. Within three years, coal's share of power production could climb to 40.3 percent from about 39 percent last year
Natural gas companies competing with cheaper coal at $3.50 btu compared to $4.50 btu for nat gas. Coal stock companies all up for most part this quarter. Nat gas has to compete with growing solar now also. Future does not look good for natural gas right now