We're at the bottom folks.... Soon to reload after all the earning for the sector are done....
Has just over 1% of the global power supply. The most bullish renewable pumper has to admit the projections of the renewable industry, at maximum expansion rates of renewable's (which is never achievable in the real world) at 2.5% of global power supply by 2030 is a complete failure.
I thought $100 was the bottom, it looking at $92 for low vol PCI.... We have sold a 2 year agreement with US Steel which runs through this year.
Need coking coal to bounce.
VIPs from five nations will join Montana’s congressional delegation and the chairman of the Federal Energy Regulatory Commission next month to discuss foreign and domestic energy and what its future holds.
The Asia-Montana Energy Summit on April 29-30 includes some big names in the business, and it leans on Montana’s strong trade ties with China, Japan, South Korea and Canada.
“Our coal goes to the Asian markets, and we already have an agricultural and cultural relationship,” said Robert Seidenschwarz, board chairman for the Montana World Affairs Council. “We want to show what Montana, both resourcewise and with its human capital, has to offer. It has a direct correlation to trade.”
Hosted by the Mansfield Center at the University of Montana and the Montana World Affairs Council, the conference may be the largest of its kind to land in Missoula.
Sessions include trends in the Asian market, the international energy outlook and the future of energy on both a global and regional scale. Topics will explore regulation, emissions, distribution, geopolitics, renewable energy and fossil fuels.
“There will be no lack of controversy,” Seidenschwarz said. “There will be enough opinions and discussions to cover what should be an intelligent conversation of what this future will look like.”
According to the Institute for Energy Research, Montana claims more than 25 percent of the country’s recoverable coal reserves. But exporting that coal to global markets, including Asia, remains controversial.
Coal companies continue to eye the Pacific Northwest as the gateway for coal export terminals to China. But much of that coal would travel by rail through cities and towns along the way, and not everyone is eager to see the commodity reach its destination.
Will this be the first US Shale play to go BK ?
didn’t make a $9.8 million payment to bondholders due Monday, as the oil-and-gas company considers its current liquidity situation.
In addition, the company has hired two financial advisers to help it assess options during the 30-day grace period it has now entered with bondholders, American Eagle announced Monday.
American Eagle is the third oil-and-gas company to recently enter a grace period with bondholders after skipping payments as persistent low oil-and-gas prices have hurt a number of companies that produce these commodities.
A week ago, the International Energy Agency (IEA) dropped a bombshell: Global greenhouse gas emissions produced by burning fossil fuels for energy last year were the same as they were in 2013. That marked the first time in 40 years that energy-related emissions were flat while the economy grew.
The announcement flew in the face of established economic wisdom, which has long assumed that economic growth is inextricably linked to rising fossil fuel consumption and with it, rising climate-changing carbon dioxide emissions. Flat energy-related GHG emissions means efforts to snuff out CO2 emissions may be successful in a growing economy.
Some leading climate scientists and economists say this decoupling of emissions and economic growth has been in progress in the developed world for quite some time. But scientists have mixed opinions about what the decoupling seen last year may mean for global CO2 emissions in the future, as both renewable energy and fossil fuels expand in India, China and other developing nations with booming economies.
The average age of U.S. commercial reactors is about 34 years. The oldest operating reactors are Oyster Creek in New Jersey, and Nine Mile Point 1 in New York. Both entered commercial service on December 1, 1969. The last newly built reactor to enter service was Watts Bar 1 in Tennessee, in 1996. In 2007, the Tennessee Valley Authority (TVA) voted to complete construction of Watts Bar 2. As of February 2015, the TVA estimates that commercial operation of Watts Bar 2 could begin between September 2015 and June 2016.
U.S. commercial nuclear reactors are licensed to operate for 40 years by the U.S. Nuclear Regulatory Commission (NRC). Prior to termination of the original license, companies may apply to the NRC for 20-year license extensions.
Would you be concerned about the situation unfolding in the fracking industry ? Utilities got burned, very badly during the last natural gas switch. They are once bitten twice shy. Coal prices are stable and very predictable.
The US and global governments should be, and i predict, will be proclaiming clean coal technology as the next nut to crack.
If the US can pioneer the next generation of this technology it would help the world in such a more profound way than solar or wind. IMO.
The Japanese have the state of the art Super and ultra critical coal technology.
Once all these hedged contracts roll off we're gonna see a repricing of oil and natural gas to come inline with global prices.
What about $20 when all the producers hedged contracts roll off ? They are receiving last summers pricing right now, hence increases in production. As soon as those contract roll off.......