Luxury electric car maker Tesla Motors (NASDAQ:TSLA) bucked the trend of slowing EV sales in May by accelerating its Model S sedan deliveries by double-digit percentages, according to an estimate.
California-based Tesla doesn't release official numbers monthly, so analysts put together their estimates by looking at things like car registration data.
"Our estimate for Tesla is 1,652 (cars sold) for May," WardsAuto senior industry analyst Haig Stoddard told IBD by email Tuesday, as to U.S. sales.
That's up 20% from an estimated 1,377 in April and 50% from 1,100 in May 2014.
The Model S starts at $75,000 and runs up to $105,000 for the top-of-the-line variety. Despite its high sticker price, estimates at green-car-tracker website Inside EVs put Tesla Model S sales at the top of the roster among all plug-ins, in sales for the year through April, with its Tesla estimate for May still awaited.
4:09 EDT - Rhino Resource Partners (RNO) idles most of its Central Appalachia coal operations and gives notice to 192 workers. Its CEO sums up the industry's bleak state, which is also burdening bankrupt Patriot Coal,
Walter Energy (WLT)
and Arch Coal (ACI)
and others. RNO's CEO says in
a statement that demand for coal used as power-plant fuel "has fallen to unprecedented levels
as utilities choose low-priced natural gas"
while "met coal prices remain at depressed levels
due to persistent worldwide oversupply
and weak demand from China."
(END) Dow Jones Newswires
June 02, 2015 14:09 ET (18:09 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
Duke Energy (NYSE:DUK) (Charlotte, North Carolina) is hoping to clean up its energy mix with plans to shut its coal-fired Asheville plant and replace it with a larger, gas-fired plant that features solar generation.
Go ahead. Double check me!!!!!!!!
COAL IS DEAD!
And you thought that they were your friends.........
Like I said 100 times. Tedddddy Cruz is not your friend.
It's becoming a bloody war. Nat Gas vs Coal. Sit back and watch them kill each other.... LOL!
COAL IS DEAD!
PARIS—Europe’s largest oil companies on Tuesday came out forcefully against coal, taking aim at a competing fossil fuel as they push cleaner-burning natural gas ahead of climate-change talks.
Executives from Royal Dutch Shell PLC, BP PLC, Total SA and others told industry officials at a conference that their increased production of gas could help reduce carbon emissions and lessen the world’s reliance on coal for heating homes and creating electricity. Coal, they said, was a pollutant that set back environmental efforts.
“Together with renewable energies it is important to promote the use of gas to replace coal,” Total CEO Patrick Pouyanné said. “It would contribute at a low cost to meet carbon emissions targets.”
LOL! Coal is dead.
COLUMBUS, Ohio, April 2, 2015 – AEP Generation Resources (AEPGR), a competitive company within American Electric Power (NYSE: AEP), is seeking offers for the supply of coal to one or more of its generating stations.
THEY DO HAVE A FEW LEFT...... FOR NOW. I LOVE busting LIARS!
By the end of May, American Electric Power will shut down seven coal-fired power plants. Two others are in the process of being converted to run on natural gas.
LOL! Come on COWARD, I'f I'm a liar BUST me. But YOU CANT!
In Ohio, the closings affect one big plant and a small one: the Muskingum River plant in Washington County, with 1,440 megawatts of capacity, and the Picway plant south of Columbus, with 100 megawatts. A megawatt can provide for the needs of about 1,000 houses.
Columbus-based AEP has issued layoff notices for more than 250 employees at six of the plants.
COME ON COWARD BUST ME! BUT YOU CAN'T
COAL IS DEAD!
In coal-loving Kentucky, Obama's climate regulations and the cheap price of natural gas are making the fossil fuel an appealing alternative to coal, writes Andy Tully.
Nevertheless, Kentucky may end up complying with the new rules by default. Like it or not, coal is no longer the inexpensive fuel of choice for generating electricity, thanks to the rise of extremely low-cost gas. Nationwide, coal’s share of the U.S. electricity market was 36 percent in March, down from 42 percent the same month a year ago. (Related: European Oil Companies Throw Coal Under The Bus)
Any region that produces coal is susceptible to the rise of inexpensive gas, and Appalachia is among the areas hardest hit because it is so close the Marcellus shale field, which stretches from New York state into Kentucky’s neighbor, West Virginia, Sherry Orton, an energy analyst at Doyle Trading Consultants in Grand Junction Colorado, told The Australian Financial Review.
Like Hastert and his boy toy?
Who wins? Eaves and coal or cruz and fracking?
Maybe you don't understand you industry,,,,
Either fracking is going to win or coal..... Winner solar!
DIE COAL DIE LOL! Oklahoma wins COAL DIES!
COAL LOSSES CONTINUES! COAL prices to drop more.
Coal companies will STARVE!
here is considerable international media reporting of the upcoming (5 June) vote by the Norwegian parliament on whether the approximately US$900bn sovereign wealth fund should exclude companies with more than 30% of their revenue from coal mining, and electricity generators with more than 30% of their generation from coal. The media reports that parliament is expected to follow the recommendation of the parliamentary finance committee, and vote to implement the exclusion, effective January 2016.
In the past month we have had an acceleration of queries from fund managers and superfunds who are considering issues such as portfolio carbon intensity, and the valuation of fossil fuel reserves. Ahead of the UN climate change talks in Paris in late 2015, a number of large investors are keen to demonstrate that they stand ready to play a part in the solution. This includes initiatives such as “portfolio carbon footprinting”, signing up to the “portfolio decarbonisation coalition”, or considering whether to apply new fossil fuel “screens” within some of their funds. Interestingly, we feel that the fossil fuel industry was instrumental in discouraging stronger international action on climate change to date, and that frustration by major funds, NGOs and members of the public over lack of global action is now catalysing fossil fuel exclusions that may increasingly reduce demand for shares in “pure play” fossil fuel companies. Had governments implemented stronger actions earlier, the impact on investments would presumably have been broader-based, as carbon costs took effect across the economy, rather than being focused narrowly on purer play fossil fuel companies.
$44.45 Change -0.08 -0.18%
NYMEX Natural Gas 2.652 0.0030 ▲ 0.1133%
Despite you getting more subsidies. WE ARE WINNING! LOL!
Apparently you are not doing the math. LOL!
SCTY started in 2006.
The coal industry was multi multi multi billion$
Now SCTY is worth OVER 5X the combination of WLT,ANR,ACI and BTU. Including the companies that they bought....
You will try anything. We don't care. We will win! LOL!!!!!
hat term, “threat multiplier,” comes from a recent Defense Department report about climate change. America’s military and intelligence branches and their scientific partners have been analyzing environmental data for decades. In 2004, for example, the Pentagon developed a blueprint to “imagine the unthinkable”: how a sudden change in the world’s climate might affect national security. Many military reports, task forces, advisory boards and conferences since then have looked at the consequences of more gradual warming — and warned of the severe threats it poses to the country’s strategic interests around the globe.
THANK YOU Sierra Club! My membership works!
American Electric Power confirmed Monday it has stopped generation at 10 coal-fired plants across five states planned for decommission this year.
Combined, the coal units in Indiana, Kentucky, Ohio, Virginia and West Virginia generated 5,588 MW, and all burned Central Appalachian or Northern Appalachian coal.
AEP spokeswoman Melissa McHenry said in an email that "all the units scheduled for retirement in May are no longer generating electricity. We still have employees on site at many of the plants doing decommissioning."
Closed were Muskingum River (Units 1-5, 1,440 MW), Picway (Unit 5, 100 MW) and Beckjord (53MW) in Ohio; Philip Sporn (Units 1-4, 995 MW), Kammer (Units 1-3, 630 MW) and Kanawha River (400 MW) in West Virginia; Clinch River (Unit 3, 235 MW) and Glen Lyn (335 MW) in Virginia; Tanners Creek (Units 1-4, 995 MW) in Indiana; and Big Sandy (Unit 2) in Kentucky.
McHenry said Big Sandy Unit 1 and Clinch River Units 1-2 are being refueled with natural gas, and that work will be ongoing into 2016.
AEP's announced 2016 coal plant retirements include Northeastern Station Unit 4 in Oklahoma, and Welsh Unit 2 in Texas.
The 12 AEP coal-fired plants scheduled for retirements by the end of 2016 generate a total of 6,586 MW combined.