From Bloomberg: "Buried in a little-noticed rule on microwave ovens is a change in the U.S. government’s accounting for carbon emissions that could have wide-ranging implications for everything from power plants to the Keystone XL pipeline.
The increase of the so-called social cost of carbon, to $38 a metric ton in 2015 from $23.80, adjusts the calculation the government uses to weigh costs and benefits of proposed regulations. The figure is meant to approximate losses from global warming such as flood damage and diminished crops."
Anyone who votes for a democrat in the 2014 mid-term elections is a fool- how can this President be allowed to continue to attack our energy industry?
He does not need to do anything until earnings announcement- he has already told you that they are going to be good without saying so explicitly. Got to read between the lines with this German- he's nobody's fool.
Hernance has added nothing of value in years to HCBK, but he has lined his pockets real well nevertheless. He does not care about shareholders, only himself.
That would be a very good thing to get rid of the Oaktree boys. Now if we can get walnut dudes on board, DMND may have some nice upside. gltal
Every coal co. except ANR hitting 52 week lows today. Question is: Is there enough blood running in the streets yet???
They don't have any problem smoking weed (good for your lungs I suppose) but God forbid those commies out West let the country use its resources. The rest of the coal producing nations must just laugfh at our idiot politicians.
And drink a coupkle of brews.
I agree. However, until spot coal prices start going up, ANR's pps will languish. Those of us that can wait out the current upheaval in the coal industry should be handsomely rewarded. gltal
US Reconsiders Pacific Coal Exports as Consumption Rises in India, Japan
"...At the same time, some US politicians are calling for more coal rules, specifically regarding coal exports.
Democratic governors John Kitzhaber of Oregon and Jay Inslee of Washington want the government to consider denying permits for Pacific coal export terminals, according to Bloomberg.
In a letter to the White House Council of Environmental Quality, the governors said that a federal review of the export facilities must look not only at local environmental impacts, but also at the greenhouse gas effects of American coal burned for power in places like Asia.
That’s certainly the place to watch, as Asian demand continues to eat up slack in the global thermal coal market."
These clowns masquerading as politicians will do everyrthing in their power to destroy our economy. Their logic is so flawed- don't they realize if the US isn't allowed to export more coal some other country will step in and do the job???? I feel sorry for any American that votes for these clownish "progressives."
Profit is a good thing. ANR has good management despite crazy Crutch's mission to fire the CEO. Patience is key. gltu
Glad you are back sir. Look forward to your posts and folksy commentaries about life experiences.
yes. nothing has been settled between shorts and longs with this earnings report. We can look forward to another 3 months of hype, bs and a kernel of truth from both sides. Should be a lot of fun. glta