But I think it will drop into the low 4s.
But the likelihood of that has been drastically reduced by the Iranian nuke deal.
Yet the fund was down big. Granted, Matador, the largest holding, was down over 1%, but how does this drag down the entire fund so much? Is something wrong with the fund? I'll have to check the NAV for today's trading, after they post it.
The Feds should just tack on a $1 per ton fee to buyers to go into a cleanup fund.
I would prefer Chapter 9, but I know you would like to string out the pain through as many iterations as possible.
I guess that coal management was too dense to sponsor and promote the cheap carbon capture technologies that could have staved off the Greenie and Warmer attacks. Oh well.
Thanks, Cadmium. So, if my calculations are correct (based on your energy calcs) we would need an area of about 51,000 square miles on which to place the photovoltaics that would replace the energy provided by coal.
I admit I've been guilty of introducing political arguments in the discussion of the coal industry - but for purposes of this thread, can we just address the "physics" of energy production? What would it take for the USA to go completely "green"? How many billions of square feet of photovoltaics, or how many thousands of windmills, would it take to provide the energy that coal currently provides? Is there enough silver in the world to make the numbers of solar panels it would require to replace coal, for example? Thanks.
Typical of Fifth Columnists to hide behind the flag. The day is coming when those who want to destroy the industrial capacity of America will have to answer.
Treasonous elements within the ruling elites want to destroy America's energy and industrial infrastructures. But none dare call it treason.
Go to the Audi media center and search on e-fuels to see how the Germans may have saved the coal industry.
Go to Audi media center and search on e-fuels. CO2 will become a cash cow for utilities that burn coal.
More importantly, more particulate matter is being spewed into the air, adding to the trend towards global COOLING.
Yes, but if coal fired utilities can sell the CO2, it will reduce the utilities' cost for coal even more, and make coal even more attractive.
just read a story about how Audi is using CO2 as a component in an artificial diesel fuel. Just capture CO2 from coal fired emissions with baking soda, transport it to the diesel fuel manufacturer and release the CO2 there for incorporation into the diesel fuel.
I concur, especially as Lawrence Livermore Labs has developed a cheap carbon capture technology utilizing common baking soda. Search on "baking soda carbon capture." This would seem to satisfy the EPA requirements, but the Greenies and Warmers will never call off the dogs on coal.