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Arch Coal Inc. Message Board

easytrader61 10 posts  |  Last Activity: Apr 15, 2014 8:01 AM Member since: Nov 17, 2011
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  • Drilling operations at several natural gas wells in southwestern Pennsylvania released methane into the atmosphere at rates that were 100 to 1,000 times greater than federal regulators had estimated, new research shows.

    Using a plane that was specially equipped to measure greenhouse gas emissions in the air, scientists found that drilling activities at seven well pads in the booming Marcellus shale formation emitted 34 grams of methane per second, on average. The Environmental Protection Agency has estimated that such drilling releases between 0.04 grams and 0.30 grams of methane per second.

    Since their upper-end measurements were so much higher than the EPA’s estimates, the researchers attempted to follow the methane plumes back to their sources, said Paul Shepson, an atmospheric chemist at Purdue University who helped lead the study. In some cases, they were able to quantify emissions from individual wells.

    In February, Colorado became the first state to regulate methane emissions from the oil and gas sector, requiring the industry to detect and fix leaks and install equipment to capture 95% of methane emissions. Last week, Ohio adopted rules to get companies to reduce methane leakage from above-ground equipment used in natural gas development, like valves and pipelines. Those rules do not appear to address leaks during drilling.

  • Japanese leaders emphasized the importance of coal in the country’s new energy plan, disappointing environmentalists who thought the Fukushima nuclear disaster of 2011 would push it toward renewable energy.

    The plan approved April 11 by Japan’s Cabinet puts coal on equal footing as nuclear energy, Bloomberg News reported.

    Much of the country’s nuclear generating capacity has been shut down for safety checks since the Fukushima disaster, in which three nuclear reactors melted down. Fossil fuels accounted for 62 percent of Japan’s electricity before the incident, with nuclear accounting for another third, Bloomberg said.
    Utilities have largely filled the nuclear gap with fossil fuels, which accounted for 90 percent of Japan’s electricity in the 2012 fiscal year.

    Green groups in Japan hoped that the energy plan would emphasize renewables such as wind, solar and geothermal energy, Bloomberg reported. They were disappointed in the Cabinet’s new policy, saying it will increase carbon dioxide emissions and it missed an opportunity to encourage innovation.

    Japan also hopes more coal use will help the country develop new coal technology that it could export.

  • Bloomberg BNA — The Senate Committee on Natural Resources and Water Quality advanced measures April 8 seeking to impose a moratorium on hydraulic fracturing activities at oil and gas fields in California and to update the state's oil spill response program to address the risks of importing crude oil by rail.

    Both bills now head to the Senate Committee on Environmental Quality for further action.

    The measure to halt oil and gas well stimulation treatments cleared the committee on a 5-2 vote. The bill to update the state's oil spill prevention and response program cleared the committee on a 7-1 vote.

    What are they gonna use if there is no Nat Gas?

  • Washington (Platts)--11Apr2014/343 pm EDT/1943 GMT

    Genesee & Wyoming's North American railroads hauled 30,767 coal and coke carloads in March, up 26.2% from the year-ago month, the company said Friday.

    The Darien, Connecticut-based company attributed the increase to higher demand in its Midwest and Ohio Valley business segments. G&W owns and operates 99 short line and regional railroads in the US and Canada, as well as several overseas railroads.

    For the quarter ended March 31, the company hauled 86,303 coal and coke carloads in North America, up 14.2% from the year-ago quarter.

    The company, which is the largest short line and regional railroad holding company in the US, is currently in the process of acquiring a portion of Canadian Pacific's Dakota, Minnesota and Eastern line in South Dakota.

    The sale does not include the portion of the DM&E line that has been approved for construction into the Powder River Basin.

  • MR. BOYCE: Four million people a year die due to energy poverty. While we're here talking this morning 300 people died due to energy poverty. What does that mean? No electricity. Malnutrition. No health care because there's no electricity. Indoor air pollution. So let's step back from a global view that says that the only thing we need to worry about is CO2.

    MR. BUSSEY: Is your prediction that in three or four years coal will be the source of the greatest amount of energy production in the world?

    MR. BOYCE: It isn't just my prediction. It's the IEA prediction. Because of the use of coal globally and where they see the base amount used here in the U.S. and the rest of the developed world, sometime over the next three years coal will be the single largest source of energy use globally, surpassing oil.

  • MR. BUSSEY: Let's talk about Europe, where we've seen an uptick in coal usage. There are some very interesting geopolitical issues at play. It's Ukraine. It's Crimea. It's Europe's realization, again, that it's so dependent on Russia for gas.

    MR. BOYCE: Whether you're looking at a utility region, a country or whether you're looking globally, we need a balanced portfolio of energy—we need solar, wind, renewables, gas, coal. The only way to reduce risk in these energy portfolios is to make sure we're using all forms of energy.

    When we say we're going to eliminate a fuel source and we're going to go to another predominant fuel source, we are setting ourselves up for disaster from an economic perspective. And when we have a disaster from an economic perspective, it doesn't matter how hard we try, we aren't going to get where we want to get on the environment.

    Energy Inequality
    MR. BUSSEY: You also make a different argument, one related to what you refer to as energy poverty.

    MR. BOYCE: There are 3.5 billion people in the world today who don't have what we would call adequate access to electricity. There are 1.5 billion people who have zero electricity access today. That is the largest and the most significant human and environmental issue that we face. And until we solve that problem, we aren't going to make the progress that we want to in terms of a lower-carbon future.

    When you start to look at those poverty demographics, that energy poverty, that energy inequality, then you understand why coal has been such a fast-growing fuel. How did China get 700 million people out of poverty and into the developed world? They did it with coal.

    It's a simple formula. It's going to get repeated. The question for all of us is how do we continue to incentivize the use of coal and the best performance that we possibly can.

    MR. BUSSEY: China may be enfranchising their people with energy, but they're killing them with the air quality.

  • The coal industry has a public-relations problem: Although coal remains the biggest source of fuel for generating electricity in the U.S., its adversaries say it's just too dirty and just too damaging to the environment.

    Peabody Energy Corp.'s Gregory Boyce, chief executive of the largest U.S. coal producer, sees things differently. In an interview with Wall Street Journal Assistant Managing Editor John Bussey, Mr. Boyce argued that reducing emissions isn't the only thing the world should be worrying about. Lifting the global poor out of poverty is critical, too, he said, and coal can play a role in that. Here are edited excerpts:

    Too Dirty?
    JOHN BUSSEY: Can you give us the lay of the land of coal usage in the U.S. and globally?

    GREG BOYCE: Many people view coal as something that we don't use anymore or that we are racing away from. But coal generates 44% of the electricity in the U.S., and it is still a massive baseload supply of low-cost, reliable, nonvariable energy for our electricity grid. Globally, it has been the fastest-growing fuel over the past decade. In the next three years, the International Energy Agency projects that coal will be the single largest source of energy in the world.

    MR. BUSSEY: Gas has half the carbon footprint of coal. Even with gas prices ticking up, isn't it inevitable that political pressures, environmental pressures, even business pressures will take into account that difference and say, "Coal's just too dirty?"

    MR. BOYCE: You need to look at the life-cycle emissions of any fuel, [not just emissions at the point of generation]. And if you look at the life-cycle emissions of the production, transportation and use of gas, it is much closer to the performance of coal.

    You have to look at methane leakage, particularly from unconventional gas drilling, as well as the energy it takes to transport gas through pipelines.

  • Reply to

    Jesus hates coal investors

    by jimjohn320 Apr 10, 2014 4:03 PM
    easytrader61 easytrader61 Apr 11, 2014 9:21 PM Flag

    False Teachers (2 Peter 2:1-3)

    1 But false prophets also arose among the people, just as there will also be false teachers among you, who will secretly introduce destructive heresies, even denying the Master who bought them, bringing swift destruction upon themselves. 2 And many will follow their sensuality, and because of them the way of the truth will be maligned; 3 and in their greed they will exploit you with false words; their judgment from long ago is not idle, and their destruction is not asleep.

  • Reply to

    Hulk - Drop to your Knees

    by fradio18 Mar 7, 2014 11:46 PM
    easytrader61 easytrader61 Mar 8, 2014 12:09 AM Flag

    Hulk is a dummy.


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