You could have also asked him if he thought he was the smartest, most handsome guy on the planet.
WW's slide into oblivion is almost complete. While others celebrate Christmas eve and Christmas day with friends and family, spreading joy and goodwill, WW sits alone in front of his computer, hurling invectives and spreading a message of hate and discontent. He was so bad that Santa didn't even leave him a lump of coal.
I believe it's called a Roberts Bank Rotary Coal Dumper. It lifts the car slightly off the track and rotates it on its own couple. There is no need to decouple cars. The brake lines are long enough to allow the car to dump its load.
I wouldn't rely on the notion that Mongolia will become dependent on Peabody if Peabody developes the mine. Recent history is replete with examples of foreign governments inviting U.S. capital into their country filled with promises they did not keep. Even close to home, ask someone from the U.S. who bought a house in Baja with the written assurance it would be theirs forever how that worked out. Even if Peabody provides just the brains, will that serve Peabody's interests in terms of supplying the market? Come into my web, said the spider to the fly.
The answer could be in the fine print. One would expect that management is aware of the political risks you mention. If they're not, a swift change in management is in order.
He is walking a fine line with his open forum talking about Ferguson, Oakland and D.C., race relations in general and confidence in government. Using the company as a soap box for controversial, vocal political views can' be good for investors, IMO.
WW says he knows, but now won't tell. Wonder if he should be hounded like he hounds Nenni about his education credentials, or the so-called bet welcher? Nah, he's sliding into oblivion quite effectively on his own.
WW: If it wasn't a democrat who included the car lease subsidy, may e you'd like to tell us who it was. One fact is known: House member Richard Nugent (R-Florida) offered an amendment to eliminate the lease reimbursement but the amendment was rejected.
Make that "hatred-driven" propaganda.
For a minute there, when you mentioned "hatred-drinen propaganda" I thought you were referring to WW.
This bill was introduce to put the squeeze on the coal companies for campaign contributions. It is interesting that Calpers is already very "green" and could (and probably would) divest their holdings without legislative action, which confirms that a bill introduction is for fund-raising purposes..
I think its important to watch the donut, not the hole when it comes to at least the near- to mid-term future of coal. Coal may be a smaller part of the energy mix than in the recent past because of the supply of cheap NG, but it will continue to be important. This administration has made it clear that their intent is to prevent new coal-fired plants from being built. The new Congress, however, can be expected to slow down the zealots at the EPA. But the picture outside the U.S. seems to be much different. China and India are building coal-fired plants at a rapid rate, and BTU will be a supplier of coal to many of those plants. As technology improves and emissions are reduced, the coal industry can continue to be an important part, if not a growing part, of the energy mix in my opinion. I'm betting that a sub-$8 price for BTU will look like a bargain in a couple of years, if not sooner.
WW has sadly, but inevitably, become the Captain Queeq of the Intel message board. He has lost whatever respect he had on the board and, like Captain Queeq of The Caine Mutiny, has become obsessed with trying to find out who stole his container of strawberries. Everyone with a contrary opinion has become Twinkletoes, and since he is no longer a credible Intel contributor his only hope for attention is to attack with more vituperative name-calling and taunts with political babble. Looks like his decline into oblivion is almost complete.
I agree that much of what will happen with NG, coal and oil is a bit of a guessing game, but the promoter of the "coal theory" seems to base that theory on questionable facts. For example, the theorist says that "coal has become declining part of energy production in the U.S." According the BTU 8-K, coal demand in the U.S. was up 15 million tons in 2014; coal use is up 20 percent from the 2012 lows; coal use is up 2 percent YTD and gas generation is down 1 percent. Coal provides 40 percent of generation power.
Here's a second coal theory quote:" Chinese demand (for coal) is expected to peak in the next two years." According to the 8-K, China's demand for coal was 4,140 million tons in 2014, is projected to be 4,460 million tons in 2015 and 4910 million tons in 2020. Since 2010 China has added 226GW of power. Thirty countries have added 348 GW of power since then with 800 new generating units. Hardly evidence that Chinese demand is peaking. In addition, China recently agreed to allow their emissions to peak in 2030--not exactly an indicator that they are going to be cutting back on their use of coal.
Finally, the coal theorist states that "Power plant closings are becoming common and therefore mines that supply coal are being shuttered as well." There is no evidence that power plant closings are becoming common.Some power plants are be closing, as are some mines, but 1,200 coal-fired power plants worldwide are currently in the planning stages. Hardly suggesting a decline in power plants.
From what I can see, BTU is in the sweet spot in the U.S.(PRB and ILB) when in comes to low-cost mining operations. If it becomes a case of slashing our wrists and see who bleeds to death first, my bet is that BTU will be a survivor.
My conclusion is that the coal theory is more of a hit piece than a theory worthy of any serious consideration.
IBD reports today that SunCoke is cutting 175 employees from its workforce and cutting its coal production by more than half from 1.1 million tons to 500,000 tons. With mines in Virginia and West Virginia the company says it is considering a sale "of some kind." Also may idle remaining mines and purchase its coal needs for its Jewel plant.
It is interesting, however, that earlier this year, rigs were being moved in the opposite direction--natural gas to oil. Devon Energy is just one example; there are others. Wouldn't think they would shift back so quickly. As far as the other points made, one might read the 8-K filed by Peabody today to receive a different perspective. And from what I've read from other sources it looks like marketsmergingdotcom should have have done more research before publishing its conclusions.
"Did you know that the Satanic Faux News is saying that increasing the min wage will have a marginal effect on the economy."
(Unfortunately, an increase seems to be having a negative effect on employment in the economy. In San Jose, California the minimum wage was recently increased to a little over $10 per hour. What happened? Employers began laying off employees in the fast food and other minimum wage businesses. Many employers had already laid off employees to stay under the Obamacare minimum. Tell one of those laid off how little effect the increase is having on them.)
Just to set the record straight, the top 10 percent of earners pay 71 percent of federal income taxes while earning only 45 percent of the income. Conversly, the bottom 50 percent of earners pay 2 percent of income taxes, but earn 12 percent of income. In addition, thanking Obama for lower gasoline prices would be misplaced thanks. Gas prices are lower in spite of Obama not because of Obama, as most domestic drilling permits have been issed on private lands, not federal. As far as Obamacare is concerned, insurance premiums are actually up 5 percent, and deductables are up over 300 percent. Maybe you like it because you are on a subsidized plan being paid by others.